Poster
12-16-2004, 09:57 AM
Eight percent of employers may be forced to cease prescription drug benefits for retirees as a result of the new Medicare prescription drug benefit. Retiree premiums for employers are on the rise and many smaller corporations simply cannot afford to provide costly prescriptions for ailing seniors.
"This is the third year of double-digit cost increases in the three years of the survey for total employer and retiree health-care costs."
"Dropping the drug benefit is one way companies can reduce costs, and more appear to be considering that option for 2006 when the new Medicare drug benefit comes online."
To read more go to:http://www.centredaily.com/mld/centredaily/business/10418576.htm
"This is the third year of double-digit cost increases in the three years of the survey for total employer and retiree health-care costs."
"Dropping the drug benefit is one way companies can reduce costs, and more appear to be considering that option for 2006 when the new Medicare drug benefit comes online."
To read more go to:http://www.centredaily.com/mld/centredaily/business/10418576.htm