Health Care Reform and Retirees

Apr 1, 2010

There's some confusion out there regarding health care reform and retiree prescription drug coverage. It's important to get the facts, not the spin that some people are trying to sell.

A number of companies, including some big CWA employers like AT&T, have taken charges on their financial reports for the end of March. These employers were accounting for the change in the subsidies they've received since 2003 to provide prescription drug coverage. Employers still will receive the subsidy, but now will pay taxes on it. It doesn't change our retiree health care coverage.

There are a lot of good things for retirees in health care reform. Read about those benefits here.