We called it on this board several months ago due to inside sources. More benefit cuts announced today. Healthcare and life insurance changes will save about $2m. The increase in premium hits lower wage worker hardest. There should be a sliding scale based on percentages and income level. Premium rise is a regressive tax. Anthem is rolling out these Platinum BS Providers--probably the ones getting the biggest kickbacks in a ponzi like scheme. CHRO and Data Czar not in attendance at the price hike inflation meeting today.
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What’s the new cost for family coverage for employees? Are the costs for retirees going up as well? Us poor pensioners need to know!
@eg how does tie back to the mutual benefit cuts ? First 250 people canned.
++Elimination of retiree health++
++Freezing of pension++
++Massive cuts to life insurance++
++Ja--ing up of rates for overpriced Anthem++
++Car allowance eliminated++
++Hours switched from 37.5 to 40 w/NYC employees favored more++
++Titles taken away in job architecture. 10% of employees still under minimum pay band++
++Company fails to automate & overpayment of executive comp and benefitS++
++No transparency. Lack of disclosure+
++Why not cut out those special 3 yr shares for C-Suite. Save $8M per yr++
No new benefits at all b/c company can't figure out how to Digitally Transform, modernize, automatic, eliminate paper. Stuck in 2005 w/move to FuckedUp Information Systems (fIS). Crazy a-ss move. Should, coulda, woulda, move to an existing tried & true platform like Schwab and white label it and pay them 10-15 bps all in. Totally F-u-cked move.
THIS CAUSED OUR LOSS oF BENEFITS.
@OP You poor silly mo--ns. Undocumented people cannot get healthcare on the Obamacare exchanges. No way. No how. Never have. You’re believing every lie told to you by your dear orange leader. I pity your small brains.
@dm turn off Fox News. Your boy Trump is the one who is responsible for rising healthcare costs.
@d0 its shameful what happened on sleepy joe's watch. What's even more shameful are these migrants taking our healthcare and commiting crime. Ceos of health insurance companie support hiway robbery. Ins companies overcharge by 50%. Mutual C-Suite is asleep at switch. No new benefits. Throw the employees a bone.
@c7 oh yes. From the insiders I have heard from, there will be more layoffs. Tons of $ spent on RDI, IT, and sales reps who can't even sell the Android I am typing this on. What s*ucks is that Exec comp and perks won't be cut first as that is where the most waste, fraud, and abuse is.
US gov is closed because dems want to extend obamacare subsidies from covid which ended 3 plus years ago. And give free healthcare to illegals. Thank Joe you were asleep at the wheel while 21M entered US on your watch.
Any layoff talks yet
It is bad,but expected.
All insurance companies for 2026 are eliminating some prior plans and all are raising premiums. To make it worse, most or all insurance are increasing co -pays.
MOA does not control what the premiums are. Of course they can subsidize more, but they are doing bad so that won't happen either.