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Search results for "retiree medical program" ...
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Companies Transform retiree-medical plans into sources of profits
The Wall Street Journal reveals that many companies are transforming the retiree-medical programs into opportunities to bolster earnings. The journal says this was made possible by an accounting rule, which was supposed to force companies to acknowledge the huge retiree-medical liability many of them seemed to face. But many companies invoked the mammoth liabilities to explain why they had to reduce retiree benefits.
Tags: medical benefits; retiree medical program; medical premiums; medical insurance