Monday, October 04, 2010

ObamaCare fallout: 3M retirees being forced off of their health care plan

"If you like your health care plan, you can keep it" is what the president said, ad nausuem, as he tried to ram ObamaCare down our throats.

He lied. ObamaCare seems to really be a Trojan Horse designed to eventually place all of us on a government-run health care plan.

From the Wall Street Journal:

3M Co. confirmed it would eventually stop offering its health-insurance plan to retirees, citing the federal health overhaul as a factor.

The changes won't start to phase in until 2013. But they show how companies are beginning to respond to the new law, which should make it easier for people in their 50s and early-60s to find affordable policies on their own. While thousands of employers are tapping new funds from the law to keep retiree plans, 3M illustrates that others may not opt to retain such plans over the next few years.

The St. Paul, Minn., manufacturing conglomerate notified employees on Friday that it would change retiree benefits both for those who are too young to qualify for Medicare and for those who qualify for the Medicare program. Both groups will get an unspecified health reimbursement instead of having access to a company-sponsored health plan.

The maker of Post-it notes and Scotch tape said it made the announcement now to give retirees a chance to explore different options during this year's benefit-enrollment period, according to a 3M memo reviewed by The Wall Street Journal. A 3M spokeswoman, Jacqueline Berry, confirmed the contents of the memo.
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