GE retirees decry health care changes

April 27, 2017 GMT

Retirees blasted General Electric and CEO Jeff Immelt this week at the company’s annual meeting in Asheville, N.C., over changes to the company’s retiree health plans, according to local media reports.

Retirees, including thousands who live in southwestern Connecticut, in 2015 were moved off company-sponsored health plans and instead told to purchase coverage through an exchange, for which they were provided a $1,000 annual supplement. Many retirees say the coverage has suffered and become much more complicated with the change.

GE, which last year moved its headquarters to Boston from Fairfield, in a statement to the Citizen-Times of Asheville said it has to “have a cost structure that doesn’t put us at a disadvantage compared to our competitors.”