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3M stops giving its retirees health insurance

  1. Flightkeeper profile image73
    Flightkeeperposted 6 years ago

    What did the great Zero say about you getting to keep your health insurance?  I guess once we found out what's in the plan, we find we don't get to keep it. 3M stopped offering coverage to retirees because it would be too costly.  So several health insurance companies have dropped out of the child-only insurance markets, then McDonald's has dropped their mini-med coverage to employees, and now 3M to its retirees.  It seems as if big Zero is successfully putting us on the road to socialized serfdom.  But health care is free...Yipeeeeeeee!

    1. Ravaged Nation profile image62
      Ravaged Nationposted 6 years ago in reply to this

      Funny how people can actually think that health care was going to be free. I actually had a thought many months back of going into the health care field. I am a 50 year old man who has been struggling to stay employed. I thought that health care would be a career where there is a never ending demand for care. I feel that people going into health care now are going to be treated like cattle. Doctors and nurses who once loved their jobs will now be leaving the field.

    2. Ralph Deeds profile image70
      Ralph Deedsposted 6 years ago in reply to this

      What's your answer? Same old, same old?

      Here's an objective discussion of health reform issues by economist David Leonhardt:

      American families spend almost twice as much on health care — through premiums, paycheck deductions and out-of-pocket expenses — as families in any other country. In exchange, we receive top-notch specialty care in many areas. Yet on the whole, we do not get much better care than countries that spend far less.

      We don’t live as long as people in Canada, Japan, most of Western Europe or even relatively poor Jordan. Misdiagnosis is common. Medical errors occur more often than in some other countries. Unique to the developed world, millions of people have no health insurance, and millions more, like many fast-food workers, are underinsured...

      The health care overhaul that passed Congress is far from ideal, as I have written many times in this space. But it does represent progress.

      The fact that it is beginning to disrupt the status quo — that some insurance policies will eventually be eliminated and some inefficient insurers will have to leave the market altogether — is all the proof we need. 

      http://www.nytimes.com/2010/10/06/busin … f=business

    3. KFlippin profile image60
      KFlippinposted 6 years ago in reply to this

      The health care bill is not progress, it's an over done piece of dreaded mincemeat pie, that few care to cook, buy, even with food stamps, or put in their mouth.  Health care overhaul was/is still needed, the costs for a decent policy are huge, not one thing has changed in that regard, it is now worse - the current bill/act was not the answer, despite any Democratic spin of BS to the contrary, we still don't know what all is in that bill, what all the repercussions will be - not even Puling Pelosi knows -- nor does she care.  In the accounting world, insurance is known for the biggest paper chase/paper pile in the audit world - I'd suggest college kids sign on for accounting degrees, those are likely the only professional jobs in high demand in the coming years, guv'ment and private, if the current track of the Guv'ment runs on unchecked.

  2. BobbiRant profile image59
    BobbiRantposted 6 years ago

    Health care would have been free if the GOP hadn't blocked it, along with the AMA and drug companies.  So now we get watered down stuff.

  3. profile image0
    jerrylposted 6 years ago

    3M must need more money to help pay for cleaning up the ground water supply it polluted in a few suburbs of St paul Mn.

    They saved money over the years by dumping chemicals and keeping it secret. Now they want the people to pay for that greed, by negating the insurance coverage they need?

    Where does it stop?  It's funny when you listen to the talking heads on the financial networks, these companies seem to be making huge profits every year, yet cannot afford insurance coverage for employees or retirees.

    It's occuring more and more lately.  If the costs of providing this coverage is increasing every year, shouldn't we examine why the costs are increasing?  Wake up people.  Your alarm is going off, and you are ignoring it.