I also received the packet from LLNL, signed by GM, regarding changes in health benefits for medicare retirees. Since no specific details or contact information were provided for Extended Health, I searched their web site for information about the company. The following contains direct quotes from the company.
1) "The Company’s unique platform and services enable corporations to move employees and retirees from a group benefits platform to an individualized, defined-contribution program." [http://www.extendhealth.com/Resources/AboutUs].
(Clearly this eliminates the safety net of group medical plans.)
2) The company press room provides articles describing what EH values [http://www.extendhealth.com/Resources/PressKit].
"General Motors Corp. retirees are likely in for sticker shock after the company announced it is
cutting health benefits for retirees older than 65. "
"There's going to be some shock when it comes to premiums and extra costs for what the options
are," said Sue Mathiesen, director of research for McGraw Wentworth, a Troy-based benefits
consulting firm. "
(I guess these changes may be better for management than for employees)
"The task that faces us is to take a lot of time in educating these retirees, they have had these rich
benefits for years and now they will be faced with a large number of choices,"
( I guess us poor old scientists don't know the difference between defined benefit and defined contribution plans. We need some really smart insurance agents to educate us that less is better.)
"Wal-Mart Rolling Out Health Insurance Program for Small Businesses" This is one of several articles touting the relationship between Extend Health and Wal-Mart/Sam's Club.
(What's the difference between a laboratory that has been labeled as "one of the crown jewels of America" and Wal-Mart?? No difference in its views on employee health benefits.)
While many nameless individuals and organizations likely had a role in this process, a benefits change this large could not occur without the direct approval of GM. One year ago GM spoke with emotion in his voice about the "LLNL family" pulling together to adapt to the changes in new contract. Now, one year later, he has decided that the aged and disabled medicare members of "our family" will be the first to be eliminated from the safety net of our group medical plans, and left to fend for themselves in the cutthroat medical insurance market.
This heartless move may be perfectly legal, but it sure doesn't pass my smell test for respect and fair play for these retirees who gave their all for our laboratory and our country. GM and associates: SHAME ON YOU; Have you no respect for your former colleagues; How can you sleep at night?
This BLOG is for LLNL present and past employees, friends of LLNL and anyone impacted by the privatization of the Lab to express their opinions and expose the waste, wrongdoing and any kind of injustice against employees and taxpayers by LLNS/DOE/NNSA. The opinions stated are personal opinions. Therefore, The BLOG author may or may not agree with them before making the decision to post them. Comments not conforming to BLOG rules are deleted. Blog authors serve as moderators. For new topics or suggestions, email firstname.lastname@example.org
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- Question about Retiree Medical
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