International Business Machines Corp. (NYSE: IBM) is planning to remove roughly 110,000 retires from its company-sponsored health insurance and provide them with a payment to enroll in a health-insurance exchange. The Wall Street Journal reported the move by IBM is a sign that even massive, well-funded companies are unlikely to keep providing once-common benefits in the face of rising medical costs. IBM is thought to be Research Triangle Park's largest employer, having employed 10,000 people in…
Reported by bizjournals 41 minutes ago.
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