Posted by Sarah Rubenstein in the Wall Street Journal Health blog
As General Motors faces a liquidity crisis many of the company’s retirees are trying to navigate Medicare and plan for their own finances in the wake of the company’s decision to drop its lifetime health coverage for some 100,000 white-collar retirees.
“Some of these people have been on GM’s plan for 40 or 50 years, and now all of this is thrown at them,” GM retiree Jack Dickinson told the New York Times. “People are highly upset, confused and totally lost. The Medicare system is very hard for older people to tackle.” Dickinson runs OverTheHillCarPeople.com.
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