3M, the large industrial company in Minnesota, has announced it will shift all current and new retirees off the company's medical program and unto the federal Medicare program.
This guarantees retired 3M folks will access the world's best federal healthcare program and take some of the pressure off the 3M healthcare insurance program.
My hunch is this is a win-win for everyone.
3M's stock went up $1.03/share (1.16% today) after the announcement.
UPDATES
Update, October 18, 2010: add Boeing to the list of companies whose employees will be affected adversely by ObamaCare.
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