NBC Nightly News reported that “a growing number of retired Americans are in for a shock from some of America’s largest companies,” who are telling them that “they will have to buy their own health insurance.” For example, “IBM is turning its healthcare coverage for 110,000 retirees over to a private Medicare exchange in which insurers compete for the retiree’s business,” and 40 million Americans are predicted to “be on similar plans” by 2018.
