Employers reap rewards of U.S. drug subsidy

01/8/2004 | Wall Street Journal, The

Under the new Medicare drug plan, some companies with many retirees could profit from the plan due to subsidies for companies that maintain their prescription-drug coverage for retirees. The subsidy is given regardless of how much of the cost is assumed by the employer, and companies such as Lucent Technologies and General Motors are expected to benefit from the new law.

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Wall Street Journal, The

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