That's a lot of money for an older woman. People over 65 are getting ripped off. Polaroid says its contribution to retiree health care has not gone down but remained flat in the face of increasingly high medical costs. For the plan she is in, one of the highest cost plans, the firm covers 70 percent. He added that when Graham left in 1988, the company's contribution covered 100 percent of her costs.
Times are tough.
Medical costs are going up very rapidly. Ours went up 20 to 30 percent last year depending on the plan. It's a critical problem.