Tag Archives: health care

U.S. Ruling Backs Benefit Cut at 65 in Retiree Plans

Wow, interesting? The “Equal Employment Opportunity Commission” is work in the corporations’ best interest? You know, if we had Universal Health Care the the majority of other industrialized nation (aka 1st world nations) we would not be having this discussion. I love the EEOC’s argument that by allowing corporation to cut off benefits to retirees at age 65 will save health care benefits for the younger employees and retirees. When did Medicare become corporate welfare? So we are now placing the cost of medical care for retirees on to the middle class, who pays and disproportionate amount of taxes compared to the wealthy, and away from the corporations who are doing quite well in the profit department? In addition, instead of deregulating the standard of health care benefits to retirees why don’t we regulate how much private for-profit health insurance companies can profit off of a persons health care. This would probably reduce the cost of health care benefit to employees and retires in a more efficient manner and likewise place the cost on those that are already making billions in profit. Better yet, get rid of the for-profit health insurance industry and let “we the people” manage our health care insurance for 3-5 % over head compared to 25-30% over head, as seen in the for-profit sector?

Another interesting note about this article is that AARP is against the EEOC when the AARP is big donors to the Republican Party. What did AARP expect out of these guys, concern for the elderly. I thin the GOP is more about profit for the rich and toughen up and pull your elderly ass up by your own boot straps. If you can’t buy your own health care than you don’t deserve it, right?

It is also interesting to Gerald Shea, who is the assistant to the president of the AFL-CIO and the National Education Association agree with the EEOC’s “talking point” and also with Rep. John Boehner (R).

By ROBERT PEAR
Published: December 27, 2007

WASHINGTON — The Equal Employment Opportunity Commission said Wednesday that employers could reduce or eliminate health benefits for retirees when they turn 65 and become eligible for Medicare.

The policy, set forth in a new regulation, allows employers to establish two classes of retirees, with more comprehensive benefits for those under 65 and more limited benefits — or none at all — for those older.

More than 10 million retirees rely on employer-sponsored health plans as a primary source of coverage or as a supplement to Medicare, and Naomi C. Earp, the commission’s chairwoman, said, “This rule will help employers continue to voluntarily provide and maintain these critically important health benefits.”

read the whole article here —>

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