Some Troubled By Cutbacks in Retiree Benefits

Employers are cutting back on retirement benefits, which will mean that many aging baby boomers will be without this type of health insurance.

That's the conclusion of a new study released by the General Accounting Office. About half of the larger companies in the United States offer retirement health benefits today, compared with about 70 percent a decade ago, the report said. The government auditors cited rising health care costs, corporate takeovers, foreign competition and the diminishing influence of unions.

In testimony before a Senate panel in June, Paul Fronstin of the Employee Benefits Research Institute said his group is concerned with those who cannot work because of poor health. "Of the 21.5 million near-elderly Americans, 2.3 million are not working because of an illness or disability," he said. "Only those who are very poor or disabled qualify for health insurance under Medicaid or Medicare."

Career Opportunities

HAP, a subsidiary of Henry Ford Health System, is a nonprofit health plan providing coverage to individuals, companies and organizations. This executive develops strategies to meet membership and revenue targets through products, pricing, market segmentation and advertising.  Aligns business among Business Development, Commercial Sales, Medicare and Public Sector Programs and Product Development. Seeks to enhance and be responsible for business development and expansion through the development of an effective product portfolio, strong interpersonal relationships and service excellence.

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