If you have any interest in your future HC, please read the following.
Hypothetical question presented to Hoffa from a UPS Teamster:
Since our health plan changed, reducing our coverage, we have seen a drastic increase in our prescription and health care costs........If I remember correctly, Mr. Hoffa, you made a statement that our last contract was the best we had ever negotiated.
Hypothetical answer from Hoffa:
It is true that the UPS contract negotiated in 2013 was the best contract ever. It has a rich wage and benefit package.....The problem is that once that contract was settled, the stock market collapsed and health care costs
—driven primarily the greed of the pharmaceutical companies and the growing number of uninsured
—skyrocketed. So every extra dollar that we negotiated in benefits paid for less than it would have in years previous.
When we negotiated that contract, we were told by actuaries that what we had negotiated would be sufficient to both maintain pensions and health benefits. Their predictions turned out to be wrong............The other thing you should be aware of is that while the
Teamsters Union negotiates contracts, it does not provide you your health or pension benefits. In your case, those are
handled by the Central States Health and Pension Funds. Those are funds that are administered by both employee and employer trustees as mandated by federal law and are managed solely on behalf of the member participants. In these circumstances, the trustees of the various health funds that provide benefits to Teamsters members are legally obligated to balance income and expense with the goal of maintaining the financial stability of these important benefit funds. Therefore, cost cutting measures are necessary to protect the funds.......We are strong supporters of such advocacy groups as the National Coalition on Health Care (NCHC) that espouse the cause of universal health care for all Americans.
Well, the above hypothetical conversation is not hypothetical. It happened around 2002. Read it. History repeats itself.
http://old1.teamster.org/hoffa/AskHoffa/conversations050106.htm
Not bashing Hoffa/Hall, just pointing out what happened in the past, and what is a probability for our HC future. Be prepared, don't spend all your $$ on frivolous stuff and live hand to mouth.