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Section 4
Companies Are Cutting
Health-Care Benefits
In addition to cutting pension plans, American companies are
also cutting other benefits previously promised to employees,
most notably healthcare benefits. Companies have discovered
that they can save enormous amounts of money by cutting or
reducing medical coverage for retirees.
Declining Retiree Coverage
Percentage of large employers that offer retiree health benefits*
80%
70%
66%
60%
50%
46%
40%
40% 40%
35% 34%
30%
26% 25%
20%
18%
10%
0%
1998 1991 1995 1998 2002 2006 2010 2014 2018
*Among large employers (200 or more workers) o ering health bene ts to active workers; includes state and local government employers
Source: Kaiser Family Foundation, 2018
Chapter 1: The New Retirement
