I, obviously, know more than you since I am on Medicare. The medicare premium for the majority of retirees over 65 (those with adjustable income under $170,000) is $104.90 a month which is deducted from their social security check. If someone has an adjustable income above $170,000 up to $214,000, they pay $146.90 etc. Not exactly outrageous. Someone with an adjustable rate of income above $214,000 would not be considered "average". IBM has agreed to provide funds to those retirees so they can purchase supplemental insurance which will provide them with 100% coverage. Your crystal ball attempt to see into the future is pure nonsense.<quoted text>
Medicare is not free, requiring an income-related monthly premium for each person, a premium that increases every year.
Supplementals are not complete coverage, with deductibles and copays required.
The average cost of medical insurance for a couple on Medicare is $500-600 per month.
Lastly, IBM can drop their payment whenever they desire.
For the record, here is what IBM is actually doing: