President Obama’s healthcare overhaul may well spell trouble for retired employees. Several top companies with substantial staff, both on rolls and retired, have pointed out that this overhaul makes their drug benefit program for ex-employees expensive and non viable.

AT&T recently joined a growing list of US industry majors in broadcasting its whopping $1 billion expense owing to the healthcare policy modifications, which included dramatic changes to the taxation of Medicare subsidies. This figure is nearly a third of the phone company’s latest quarterly earnings. [Read more…]