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IBM Moves Retirees to Insurance Exchange as Costs Rise - Bloomberg:
"BM had projected that with its current plans, costs for retirees would triple by 2020. Most of that would affect retirees’ premiums and out-of-pocket costs.
IBM said the new arrangement puts the retirees in a bigger pool of beneficiaries, spreading risk and lowering cost.
Reuters reported the change yesterday.
“IBM didn’t make this change to save money -- it does not reduce our costs,” Shelton said, noting that IBM’s subsidies were capped in the 1990s."
America is to tariffs as UK is to Brexit: new prediction
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When the UK slit its own throat and voted to leave the EU, it was because
of people like Nigel Farrage and Boris Johnson lying to voters about all
the bene...
4 hours ago
