chanel
Silver Member
3M Co. citing new federal health laws, said Monday it wont cover retirees with its corporate health-insurance plan starting in 2013.
Instead, the company will direct retirees to Medicare-backed insurance programs, and will provide reimbursement for that coverage. Itll also reimburse retirees who are too young for Medicare; the company didnt provide further details.
The company made the changes known in a memo to employees Friday; news of the move was reported in The Wall Street Journal and confirmed Monday by 3M spokeswoman Jackie Berry
3m has 23,000 retirees, many of them likely to be living in Minnesota. Theyre also likely to vote in the upcoming midterms, perhaps even more likely now than ever. That wont be good news for House Democrats in the Minnesota delegation hoping to win a new term in four weeks.
3M to dump retirees from medical coverage Hot Air
Wow. AARP really did sell out their members. Wonder how much they will be profiting at the end of the day.