September 8th, 2013, 7:57 pm #61
September 8th, 2013, 8:10 pm #62
September 8th, 2013, 11:10 pm #63
It looks like IBM used to keep retirees on their company sponsored health plan even when they became Medicare eligible.
Now, they are going to kick them off at age 65 and give them a cash stipend to go buy Medicare Advantage or other Medigap policies on an exchange administered by a private company.
The ACA does not eliminate Medicare Advantage.
September 8th, 2013, 11:36 pm #64
I can recall the apologists for Obamacare brushing aside suggestions that companies would take the penalty and drop health insurance to save money. The theory of the Obamacare defenders was that companies that did that would be in a competitive disadvantage in hiring.
Of course, that assumed that we would actually have a robust jobs recovery where employees could pick and choose where to work based on the benefits package.
As it turns out, Obama's weak recovery means that companies want to save money on their bottom line more than they are afraid of losing employees to other companies. Pretty much everyone is looking to avoid Obamacare any way they can.
September 8th, 2013, 11:44 pm #65
September 8th, 2013, 11:49 pm #66
September 8th, 2013, 11:54 pm #67“There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.” - Warren Buffett
September 9th, 2013, 12:26 am #68
Yeah it was a pure coincidence.
and it is a good thing, just like paul ryan's plan.
Or we could have some honesty here instead of 100% politics.
Maybe once in a while we could discuss from a point of truth.
Let's start with this. I like puppies.
Last edited by Long Island Bob; September 9th, 2013 at 1:11 am.
September 9th, 2013, 12:53 am #69Honored Guest
- Join Date
- May 2009
I guess that is expected of Liberals who think the world must and will act exactly as their manufactured reality deems it should.
September 9th, 2013, 12:58 am #70Hannitized
- Join Date
- May 2011
So everyone is going to like Obamacare, and the dems have made the mistake of passing a plan that won't get them to single payer? I'm not sure about the pom-pom waving for Obamacare these days. Even some of the dems want to change it up for more than one reason.Don't be a brick in someone else's wall...
September 9th, 2013, 1:03 am #71Hannitized
Don't be a brick in someone else's wall...
- Join Date
- May 2011
September 9th, 2013, 1:16 am #72
September 9th, 2013, 1:24 am #73
“This transition provides more choice and flexibility at equal or better costs to our retirees,” IBM said in the statement. “While some retirees may be skeptical today, studies show that the majority of people who are presented the concept of an exchange are skeptical at first, but once they understand the options available to them through these exchanges, they have a more positive outlook.”
IBM said the new arrangement puts the retirees in a bigger pool of beneficiaries, spreading risk and lowering cost. "
So IBM the employer just said they are switching because it will provide "equal or better costs to our retirees", with more options to each retiree and putting them in a bigger pool to "spread risk and lower costs". That is what IBM the "employer" said, so are YOU the one saying corporations lie? Because IBM just said some great things about obamacare.“There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.” - Warren Buffett
September 9th, 2013, 1:53 am #74
The health care these people signed up to work for IBM for is not what they are going to get when they need it most? Sounds like a lot of people I know. I don't think most people know retirees have been handed off to Medicare by their former employer's health insurance. This has been going on since the mid 1990s, and no one has said a word. Isn't it a bit too late to be doing anything about this now? How about all those people who worked for Kaiser who thought they would get 100% coverage for their retirement years? They only get what Medicare and Kaiser say they can get. You have to beg and grovel to get more thorough care.
When Obamacare was being debated I told all who would listen to me Obamacare is what Kaiser has been doing to their retirees since the mid 1990s and I was told I was crazy. Glad to be vindicated now but in a sad way.My mate Jim Apple gets a lot of grief when he goes to France and people ask him his name.
September 9th, 2013, 2:58 am #75
Instead of directly subsidizing their premiums, the company will instead give retirees money to pay for a Medicare Advantage plan, run by a private insurer, and policies to supplement that coverage.
Those employees will be shifted onto the country’s largest private Medicare exchange, Extend Health, which is owned by Towers Watson & Co.
According to Reuters, the change becomes effective Jan. 1, 2014, and the company will begin meeting with groups of retirees to discuss the move.
The private health exchanges are different from new state-based insurance marketplaces that will start running in October as part of the Affordable Care Act, but are similar in essence in that they aim to leverage competition to keep costs down.
Read more: http://thehill.com/blogs/healthwatch...#ixzz2eN938LAUNew signature coming in 2014