WTF is Up with Pfizer Retiree Healthplan Costs?

When socialists take over companies, their hypocrisy knows no bounds. Pfizer's employees' healthcare was free until the limousine liberals took over. Now, these lefties gouge the employees and retirees, yet there are billions in profits. It will only get worse and there's nothing we can do about it. So, that's why I'm looking elsewhere. There has to be one company remaining that does things Right.

 

Good luck in your search. Pharma is all the same old, same old. It’s an inbred, incestuous industry. Presently, with all the legal/ compliance restrictions, managed care domination, generic proliferation, anti- drug company sentiment in the government, tightened/ restricted access to customers, and lack of any innovation in the “ sales” model, we’re all but done as a “sales” division. We’ll be going the way of internet medicine, retail sales, car sales, grocery sales, etc. Get diagnosed or place your order online and have your drugs delivered.

 

I bet you have no clue what a socialist is!!!! Better look it up on wikipedia or google it before you make a total fool out of yourself!!

 

A socialist is a lazy, entitled weak loser......and an ignorant, stupid fool like you!
Note: Not the original poster.

Definitions don’t reflect the realities of socialism.
The best description cams from M.Thatcher....Socialism is great until you run out of other people’s money.
You work in one of the greediest industries in the world and one of the greediest companies in that industry. Do you share your salary or bonus with your colleagues or neighbor who doesn’t get as much? Doubt it.

 

You can't be pro-life and look the other way as the Turks slaughter Kurdish children just because their parents want to teach them their own language. Trump Fox supporters will look the other way and claim to be pro-life but all that really happened is Trump opened a new Tower in Istanbul and Kurdish kids are getting slaughtered.

 

Zip it you lonely, chickenshit, gay, janitor from political board. Go get your crap packed!

 

Must be free time in the looney bin.

 

Another nut from the nut house. Is it library hour, and you two nuts got into a computer.

 

but, but her emails!

now, go shoot up a pizza parlor to save some child slaves you tinfoil hat wearing, tax cheating, birth control using hypocrite!

 

Nobody’s looking the other way. Just no longer using our children as shields in a gunfight that started a long time ago.

The only thing that kept us there was pride and the audacity to think that we are so morally superior that we are somehow responsible for governing the behavior of other a world away.

 

To respond to comments re Pfizer "health" plans. From 85 year old Upjohn retiree. PFIZER IS A LYING, BLOODSUCKING FRAUD. In 2011 Pfizer effectively wiped out retiree health plans of all retirees of companies Pfizer bought.

The Upjohn medical plan coverage was excellant AND SELF FUNDED. Meaning, the $$ was there, allocated by Upjohn for that purpose, supplemented by very small employee payments. Self funded = pre paid. In the 50s,early 60s, when you were hired you were told upfront that your salary would be 8-10% lower than for comparable pharmaceuticals. Cost of living in Kalamazoo were low, so many of us happily took it. (CBS news 2011 had good coverage. Also IBD)

Originally, the plan was managed and administered in-house, but by 1968 or so, the continued growth of Upjohn led to outsourcing only management to insurance companies. I was employed in Finance and am therefore quite familiar with this.

Happily retired, in 2011 Pfizer claimed the medical plan $$ as an asset (I believe about half billion $$), essentially shoving retirees onto Medicare's 80%. They continued to "give" us Pfizer and Upjohn drugs, although of course Pfizer no longer does much research. Now, that is gone too.

Pfizer is not "socialist." It is a greedy kleptocracy which does not recognize the foundations of Democratic capitalism. Rule of law and contract law are the basis of capitalism. Pfizer is like Stalin and the Soviet communist party. No laws, no rules, it's all mine.

Our country is doomed if this continues. That is, doomed as a democracy. We of course seen our assets wither under the Pfizer death ray. We have friends, retirees in their 80s, who hope they don't live much longer because they can't afford it. Me, I aim to outlive the bastards. But, know them for what they are, and for the evil they represent, which truly threatens our country.

 

I knew that you weren't a "legacy Pfizer" retiree by how well-written your post was.

 

10k per year is a lot but... If you know someone who is self-employed in their 50s or early 60s ask how much they’re paying for health insurance, it’s probably at least as much for not nearly as good a policy as you have from Pfizer.

It is what it is. And yes, when I was hired by Pfizer one of The benefits was free healthcare for life Things change, and not always for the better, let’s be honest the cost of healthcare is ridiculous.

 

I can tell you are by your wiseass stupidity.

 

Not 80 yet, but I’m spending and giving my money to my kids and grandkids.When it’s gone, I’m going on the welfare, freebie gravy train with all the freeloading, worthless, corrupt politicians, millennials, immigrants, and crybaby college brats. I paid into the system for a long time and when it’s time, the system will be paying me for a long time. No pulling the plug on me. Hook up every freaking machine you have and keep me going forever. I want payback and Pfizer will be paying my pension forever.

 

MEDCARE is the genesis of our healthcare cost woes. Like many things, it is was a well-intended idea with unintended consequences. Basically it serves as a blank check for healthcare expenditures that target the most vulnerable/profitable population . A double lung transplant for someone who smoked for 55 years? Makes sense to me! Just because it can be done doesn’t mean it should be; Our healthcare system is on life-support financially unsustainable.

 

Wait until Lizzy “Pocahontas” Warren or the other communist Democrats try to take over all healthcare and college loans - nothing better than total government control to drive up costs when acting like they will control costs (see college cost since government took over student loans).

 

And what’s $60 TRILLION over the next decade? Chump change.

 

Much of the financial woes of SS and Medicare are due to periodic raiding by Congress.
I do agree, somewhat, that some hard decisions will need to be made re: people like your example. Coverage of illegals in another. What we don’t need are the “ death squads” in Obamacare. Socialized medicine does NOT work, especially for the sick.

 

Pfizer’s plan is very generous. As long as you’re retirement eligible, you should have ample funds available to bridge the gap until you are Medicare eligible, at which point you’re only in the hook for your supplement (and it will probably cover that) and your college-pays. If you can’t afford that, you must be really bad with money. It’s not Pfizer’s fault that you are stupid. I made 6 figures for 20+ years bug I had the sense to save as much as possible. It’s called planning for your retirement. It ain’t rocket science...