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Preparing Taft-Hartleys for the 21st century: health care leads list of challenges for plan administrators
1Group Insurance Division, Pacific Life and Annuity Company, Newport Beach, California, USA.
Abstract:
Rising health care costs are a major challenge facing administrators of Taft-Hartley health and welfare plans. Managing costs while continuing to provide coverage that meets members' expectations and needs will require a delicate balancing act. Among areas that require close scrutiny are legislative activity, retiree medical benefits, prescription drugs, funding and cost-control methods.
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