IBM Medicare Advantage 2023 Kaiser Foundation Analysis of Retiree Health Benefits

 As I wrote in an earlier post, the action IBM is taking to force retirees onto Medicare Advantage plans is not unique.  Corporations and state/local governments are similarly taking this action and have been doing it for years.  The reason is to lower costs.  My interpretation of "lower costs" is another way of stealing retiree deferred compensation.  This is the recently published Kaiser Foundation report:

https://www.kff.org/medicare/issue-brief/medicare-advantage-coverage-is-rising-for-the-declining-share-of-medicare-beneficiaries-with-retiree-health-benefits/

       

This WSJ article was published in 2004.  IBM is specifically cited in their analysis.  In this 2004 article, IBM describes that retirees who transition to Medicare cost them very little.  In 2023 IBM wants Medicare eligible retirees to cost them zero!  

https://www.wsj.com/public/resources/documents/SB107940131862956349.htm

Don't let IBM steal your deferred compensation!