What corporations are saying about health care costs

I have talked much about the unintended consequences of the health care reform legislation and the concern it has raised for costs, especially among companies that provide health care benefits to their employees and retirees. In the unlikely event you don’t believe me, take a look at this excerpt from a letter from a CEO of a large corporation to a retired employee who was asking about his health care benefits, prescription drug benefits in particular. The concerns expressed in this letter are not unique, they are repeated in most if not all of the Fortune 1000 organizations in the US.