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Many Companies Cut Back Retirees' Health Benefits

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Many Companies Cut Back Retirees' Health Benefits

Business

Many Companies Cut Back Retirees' Health Benefits

Many Companies Cut Back Retirees' Health Benefits

  • Download
  • <iframe src="https://www.npr.org/player/embed/1187551/1187552" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

As the economy struggles, many large corporations cut back on their retired employees' health insurance. Companies that file for bankruptcy can eliminate their retiree health benefits entirely, catching many seniors off guard. NPR's Jack Speer reports.