I understand the pressures that are prompting companies to abandon retiree health care benefits and even pension plans. The inflation in medical costs--and in prescription ...
By Pat Wechsler|September 01, 2004 at 08:00 PM
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I understand the pressures that are prompting companies to abandon retiree health care benefits and even pension plans. The inflation in medical costs–and in prescription drug costs, in particular–is a hard pill for any company to swallow, if you will forgive the play on words. But simply abandoning benefits with the attitude that the government will pick up the slack seems, at best, short-sighted and, at worst, irresponsible. At some point in time, companies voluntarily offered these benefits. If employees needed them then, why not now?
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