Tuesday, May 30, 2006
Tweet[IWS] Kaiser: RETIRED STEELWORKERS & their HEALTH BENEFITS: 2004 Survey [30 May 2006]
IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
Kaiser Family Foundation (KFF)
Retired Steelworkers and Their Health Benefits: Results from a 2004 Survey [30 May 2006]
http://www.kff.org/insurance/7518.cfm
or
http://www.kff.org/insurance/upload/7518.pdf
[full-text, 61 pages]
This Kaiser survey report looks at how the bankruptcies of two steel companies, the LTV Corporation and Bethlehem Steel, affected health coverage for the companies' retirees and dependents. The bankruptcies left about 200,000 retirees and spouses without retiree health coverage in 2002 and 2003. The report provides insight into the impact of a tax credit enacted by Congress in 2002 to provide temporary assistance to workers and retirees in "distressed" industries, including the steel industry.
The 2004 survey found that nearly three quarters of the retirees who responded had obtained replacement coverage or a supplement to their Medicare coverage, although many reported that the loss of benefits caused a significant disruption to their retirement.
This survey sample included 2,961 retirees or surviving spouses, including both early retirees ages 64 and younger in Pennsylvania, Indiana, Ohio and Maryland and Medicare-age retirees 65 in the states of Indiana and Ohio. The United Steelworkers of America assisted in the survey by providing information needed to identify affected retirees and surviving spouses for participation in the survey.
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
Kaiser Family Foundation (KFF)
Retired Steelworkers and Their Health Benefits: Results from a 2004 Survey [30 May 2006]
http://www.kff.org/insurance/7518.cfm
or
http://www.kff.org/insurance/upload/7518.pdf
[full-text, 61 pages]
This Kaiser survey report looks at how the bankruptcies of two steel companies, the LTV Corporation and Bethlehem Steel, affected health coverage for the companies' retirees and dependents. The bankruptcies left about 200,000 retirees and spouses without retiree health coverage in 2002 and 2003. The report provides insight into the impact of a tax credit enacted by Congress in 2002 to provide temporary assistance to workers and retirees in "distressed" industries, including the steel industry.
The 2004 survey found that nearly three quarters of the retirees who responded had obtained replacement coverage or a supplement to their Medicare coverage, although many reported that the loss of benefits caused a significant disruption to their retirement.
This survey sample included 2,961 retirees or surviving spouses, including both early retirees ages 64 and younger in Pennsylvania, Indiana, Ohio and Maryland and Medicare-age retirees 65 in the states of Indiana and Ohio. The United Steelworkers of America assisted in the survey by providing information needed to identify affected retirees and surviving spouses for participation in the survey.
______________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
# posted by SBasefsky : 1:56 PM
