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Compass
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Regional Vice President of Sales The Retirement Plan Company
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Bates & Company, Inc.
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New York City Union Helps Block Single-Payer Bill But Agrees to Cost-Cutting That May Hurt Retirees and Help the Insurance Industry
Newsweek June 28, 2021 "In New York City ... the umbrella organization for the city's public sector unions -- the Municipal Labor Committee (MLC) -- recently helped the health insurance industry block a statewide single-payer bill ... But it turns out that the MLC ... was also engaging in backdoor negotiations with the city, resulting in a proposal to switch nearly a quarter-million people from Medicare to privately administered Medicare Advantage plans.... The move ... would change the annual out-of-pocket costs of those impacted from a maximum of $1,053 per year to up to $7,550." |
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