From tomorrow's WSJ:
This makes perfect sense from the company viewpoint, I expect there will be much more of it in the future.IBM to Move Retirees Off Health Plan
International Business Machines plans to move about 110,000 retirees off its company-sponsored health plan and instead give them a payment to buy coverage on a health-insurance exchange, in a sign that even big, well-capitalized employers aren’t likely to keep providing the once-common benefits as medical costs continue to rise.
The move, which will affect all IBM retirees once they become eligible for Medicare, will relieve the technology company of the responsibility of managing retirement health-care benefits.
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