AT&T TO take 1 BILLION Charge for Healthcare Reform.........

[tony]

I'm aware of the retiree benefits that's driving this cost but regardless it's a cost increase right?

Yeah but thats a union problem not a healthcare problem, AT&T puts out this report about the healthcare bill and what it will cost but from my understanding the Government just cut expenditures by removing subsidies for employees that are not even on the payroll. Honestly I can't say I argue against this and I don't see how a fiscal conservative would.

[Vteckidd]

Yeah but thats a union problem not a healthcare problem, AT&T puts out this report about the healthcare bill and what it will cost but from my understanding the Government just cut expenditures by removing subsidies for employees that are not even on the payroll. Honestly I can't say I argue against this and I don't see how a fiscal conservative would.

But from what i understand under Bush they got tax breaks or subsidies from the govt for offering this prescription drug benefit or something. Under this new bill, that all goes away, dramatically effecting their expenses.

thoughts?

[tony]

But from what i understand under Bush they got tax breaks or subsidies from the govt for offering this prescription drug benefit or something. Under this new bill, that all goes away, dramatically effecting their expenses.

thoughts?

They need to drop those expenses by restructuring Contracts, gearing those contracts toward the current workforce and not the ones of the past. The day when corporations took care of you even after you have left the company is over, this is why there has been a transition from Pension plans to 401k's.