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Citing Obamacare, Employers Tell Retirees To Seek Their Own Coverage
Forbes

Employer retiree health care coverage, which has been deteriorating for years amid high health care costs and waning employer interest, is headed for bigger changes thanks to the Affordable Care Act, a new study shows. More than 40 percent of employers have eliminated their traditional group health coverage for retirees over the age of 65 in favor of giving these former employees a defined amount of money for them to buy their coverage on the individual Medicare plan market, according to a new survey of more than 540 companies by employee benefits consulting firm Aon AON -0.22% Hewitt (AON).

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