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The Fall 2016 LRO Connection newsletter is now available for viewing and can be accessed by clicking here.

In this issue, we share with retirees a copy of a recent letter sent by the LRO to the CEO of Nokia to introduce the LRO and to discuss our concern with the funding of the Group Life Insurance (GLI) Trust. We also have articles on the Pension Plan, Healthcare, and Legislative Affairs. The History Corner article reports on the 50th Anniversary Celebration of the Naperville, Illinois Indian Hill Bell Laboratories and the many contributions of that esteemed location.

We hope you find the newsletter informative, and we thank you for your support of the LRO.


AT&T History in NY TIMES Piece

AT&T’s History of Invention and Breakups
AT&T, once known informally as Ma Bell, is a storied American brand that goes back under a succession of names to the late 19th century, after Alexander Graham Bell invented the telephone.


WEBSITE FEATURES

THE HISTORY CORNER


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History Corner pieces in our recent newsletters (THE LRO CONNECTION) can be accessed at any time by clicking on the HISTORY CORNER tab on the navigation bar..

Check out the History Corner tab for the first 100 year history of the Western Electric Co. from 1869 to 1969.

If you have historical information, send to Gary Reichow at greichow@hotmail.com.


Information on the Passing of Retirees

Under the "In Memoriam" tab located at the top of this page, the LRO lists the submitted names of recently deceased individuals and, where possible, provides a linkage to an official obituary. Information required and the form to list an individual are contained on the "In Memoriam" page. We encourage family members and friends to take advantage of this service.


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NOKIA REPLIES TO LRO LETTER

In our recently published LRO Connection Newsletter and on our website (www.lucentretirees.com) we shared with you a copy of a letter the LRO recently sent to Mr. Rajeev Suri, President and CEO of Nokia Technologies. The intent of the letter was to introduce the LRO and its charter to Nokia leadership, but also to share certain benefit issues of concern, primary among those the funding of the Group Life Insurance (GLI) Trust. While we continue to have an open relationship with Mr. John Hickey, Vice President of Benefits for Nokia in America, your board felt it important that we highlight these concerns to the highest levels of Nokia.

As we expected, Mr. Hickey in his role as American benefit spokesman responded on behalf of the company. Mr Hickey reinforced that while pension benefits are protected by law and cannot be changed unilaterally, “other” benefits such as retiree medical and life insurance are not mandated by law. Mr. Hickey goes on to say that, although there are no current plans to reduce or eliminate these benefits, the company’s philosophy has been to “balance the needs of the retirees with the company’s ability to pay.” These benefits are evaluated on an annual basis.

On the specific issue of the GLI Trust, no commitment is made beyond the current funding which has sufficient assets to pay this benefit until around 2022. Mr. Hickey acknowledges that the company is well aware of the loss of the Death Benefit for retirees in 2003, and that will be weighed in any future decision regarding this benefit.

The LRO understands the need for Nokia to be successful in their competitive world market place, but we also understand the past commitments and the financial planning that was done by retirees on the basis of those commitments. The LRO will continue to monitor pension and benefit issues affecting retirees and interact with Nokia as appropriate. Click here to see the full text of Mr. Hickey’s letter.

Happy Holidays to everyone !!!


Nokia Cancellation of Pre-Medicare Health Insurance

We feel the pain of those pre-Medicare eligible retirees who have lost health care coverage through the recent actions of Nokia, and many of you have shared your frustration with the LRO.

Despite what we believe to be an open relationship with John Hickey, the Nokia Vice President of Benefits, we did not receive advance notice of this decision and only became aware when we began receiving emails from our membership. As president of the LRO, I immediately contacted John and arranged for a conference call for October 17 to discuss this and other issues.

I expressed our disappointment at not getting a ‘Heads up’ on the insurance issue and relayed to John some of the feedback we had received from retirees on this sudden announcement. He understood our frustration, and that of affected retirees, and offered the following as the rationale for this Nokia decision:

The pre-Medicare retiree base is a rapidly declining segment of the retiree population going from approximately 3200 retirees in 2014 to an estimated 600-800 in 2016. The average monthly cost for company provided insurance for this segment in 2016 was $2300/mo.
With anticipated further declining numbers for 2017, projected cost increases of 30% would bring the monthly charge to something in the range of $3000/mo. Nokia believed that, with these declining numbers and this projected cost, retirees could find better options at the health care exchanges. Thus the decision to eliminate this coverage. Non Medicare eligible retirees and dependents are eligible to re-enroll with Nokia when they are Medicare eligible.

Mr. Hickey went on to comment that Nokia expects 80,000 retirees and eligible dependents to enroll in the Nokia Medicare Plan for 2017, and while he would not share the cost information, he expects a minimal increase. He also would not commit further at this time on coverage for 2018. This will be evaluated next year.

While we understand the issue of the declining population and cost issue, we further understand that this doesn’t make it less painful for those who now must explore other options. We have even had some retirees question the legal basis of this cancellation and suggest we consider legal action.

The LRO has reached out to an attorney for comment on this, and the bottom line is that healthcare coverage is considered a Welfare Benefit provided at the discretion of the company. We were advised that, even if there were some mitigating circumstances that would justify legal action, the likely damages would be minimal given the small difference between the exchange offerings and the company offerings, and by the time the legal process unfolded, most of this declining base would already be Medicare eligible. Bottom line - no solid basis for expecting any legal action to change outcome of Nokia’s position.

The LRO will continue to monitor and keep and open dialogue with Nokia on pension, health care and other benefit issues like Group Life Insurance, and we will do our best to keep all of our retirees informed.

RETIREE NEWS

Tom Price: GOP goal not to take insurance away from Americans
By Andrew V. Pestano; United Press International ~ Jan 18, 2017

The Trumpcare Conundrum
By Ronald Brownstein; The Atlantic ~ Jan 18, 2017

Report: 300,000 Small Business Jobs Lost Due to Obamacare
By Elizabeth Harrington; The Washington Free Beacon ~ Jan 18, 2017

Has Social Security Been Shortchanging Seniors on Annual Benefit Increases?
By Dan Caplinger, The Motley Fool - Jan 16, 2017

Health savings accounts front and center amid Obamacare repeal efforts
By Jeff Benjamin; Pensions & Investments ~ Jan 17, 2017

Column: How to fight back when an insurer denies your healthcare claim
By David Lazarus; Los Angeles Times ~ Jan 17, 2017

Drugmakers Manipulate Orphan Drug Rules To Create Prized Monopolies
By Sarah Jane Tribble & Sydney Lupkin; Kaiser Health News ~ Jan 17, 2017

Trump promises healthcare plan will offer ‘insurance for everybody'
By Cyra Master; The Hill ~ Jan 156, 2017

House Chair: Obamacare Subsidies Must Continue To Avoid Collapse Amid Repeal
By Tierney Sneed; Talking Points Memo ~ Jan 16, 2017

Taxpayers Off The Hook With Trump's Infrastructure Plan
By Julia Limitone; Fox Business ~ Jan 16, 2017

Nokia CMO: “Investors want to see performance, not excuses”
From “Latest News”; European Communications ~ Jan 16, 2017

Schumer puts GOP on notice over ObamaCare repeal
By Alexander Bolton; The Hill ~ Jan 15, 2017

Republican senator to propose eliminating mandates in Obamacare bill
By Caren Bohan; Reuters ~ Jan 15, 2017

Entitlement Programs Gained Tens of Thousands of Beneficiaries During Obama Administration
By Ali Meyer; The Washington Free Beacon ~ Jan 15, 2017

50 ways to give your finances a fresh start in 2017
From Credit.com; USA TODAY ~ Jan 15, 2017

GOP: Obamacare takes 'emotional toll' on Americans
By Anna Giaritelli; The Washington Examiner ~ Jan 14, 2017

The Remodeling Of America: What Baby Boomers And Seniors Need To Know
By Robert Laura; Forbes ~ Jan 14, 2017

What Health Policy Experts Think Of A Key GOPer’s Vision For O'Care Transition
By Tierney Sneed; Talking Points Memo ~ Jan 13, 2017

House takes first step to repeal ObamaCare
By Cristina Marcos; The Hill ~ Jan 13, 2017

The Forbes 2017 Tax Guide
By Janet Novack; Forbes ~ Jan 13, 2017

Personalized IRS letters nudge uninsured to get coverage
By Ricardo Alonso-Zaldivar; The Associated Press ~ Jan 13, 2017

Pharma company executives debate drug pricing increases
By Deena Beasley; Business Insider ~ Jan 13, 2017

CBO: Share Of Working Americans Will Continue To Decline Over Next 30 Years
By Caroline May; The Daily Caller ~ Jan 13, 2017

Delay the Fiduciary Rule: The government shouldn’t decide how taxpayers save for retirement
From Steve DeMaura; The Hill ~ Jan 13, 2017

DOL Releases Second Batch Of Fiduciary Rule FAQs
By Ryan Neal; Wealth Management ~ Jan 13, 2017

Progressives Outraged Over Booker, Democrats’ Vote on Prescription Drugs From Canada
By Andrew Breiner, Roll Call - Jan 12, 2017

ACA repeal: Why healthcare lobbies are unusually quiet as Congress acts
By Ilene MacDonald; FierceHealthcare ~ Jan 12, 2017

House Dems Seek to Slow Obamacare Repeal
By Bill McMorris; The Washington Free Beacon ~ Jan 12, 2017

Senate Adopts Budget Opening Door for Obamacare Repeal
By Jennifer Shutt & Ryan Mccrimmon; Roll Call ~ Jan 12, 2017

Trump says drug industry 'getting away with murder'
By Sarah Karlin-Smith, Politico - Jan 11, 2017

Trump Says ACA Repeal and Replace Could Come Within Same Hour
By Mary Ellen McIntire; Morning Consult ~ Jan 11, 2017

Drug Stocks Plunge as Trump Threatens to Force Price Bidding
By Zachary Tracer and Anna Edney, Bloomberg News - Jan 11, 2017

Trump says pharma 'getting away with murder,' stocks slide
By Caroline Humer & Rodrigo Campos; Reuters ~ Jan 11, 2017

Multiemployer Pension Plans In Crisis: Troubled Plans Need Public Resources To Survive
From Olivia Mitchell; Forbes ~ Jan 11, 2017

Social Security will cut paper statements — again
By Darla Mercado; CNBC ~ Jan 11, 2017

We Don't Have to Be Broke in Retirement
From Barry Ritholtz; Bloomberg ~ Jan 11, 201

Chamber of Commerce: Obamacare Insurance Tax Will Cause More Premium Hikes
By Ali Meyer; The Washington Free Beacon ~ Jan 10, 2017

Republicans scramble to ease concerns about Obamacare replacement
By Sean Sullivan, Kelsey Snell & Amy Goldstein; The Washington Post ~ Jan 10, 2017

The 'preexisting conditions' puzzle — If GOP gets trapped, ObamaCare reform will fail
From Michael Tanner; The Hill ~ Jan 10, 2017

Don’t Let the “Uninsured 20 Million” Statistic Fool You
By Twila Brase; The Daily Caller ~ Jan 09, 2017

Taxpayer Advocate Urges Congress To Reform The IRS And Overhaul The Tax Code
By Ashlea Ebeling; Forbes ~ Jan 10, 2017

Republicans' Big Dilemma On Obamacare: Do We Repeal The Taxes?
By Lauren Fox; Talking Points Memo ~ Jan 10, 2017

Column: Squeezed by congressional skinflints, Social Security axes more services
By Michael Hiltzik; Los Angeles Times ~ Jan 10, 2017

US warns of unusual cybersecurity flaw in heart devices
By Tami Abdollah & Matthew Perrone; The Associated Press ~ Jan 10, 2017

Why You Should Be Wary of Junk Bonds
By John Coumarianos; The Wall Street Journal ~ Jan 09, 2017

How the tables are turning on Obamacare
By MJ Lee, CNN ~ Jan 09, 2017

Failing Multi-Employer Pension "Rehabilitation Plans" Don't Address Mismanagement of Investments
From Edward Siedle; Forbes ~ Jan 09, 2017

Obama health care legacy: Coverage, conflict, and questions
By Ricardo Alonso-Zaldivar; The Associated Press ~ Jan 08, 2017

Priebus: Trump Won't 'Meddle' with Medicare or Social Security
By Jim Swift; The Weekly Standard ~ Jan 08, 2017

Republicans must keep their promise on Medicare funding
From Darren Bearson; The Hill ~ Jan 08, 2017

The Shocking Reason Why 173,000 People Had Their Social Security Checks Reduced in 2015
By Sean Williams; The Motley Fool ~ Jan 08, 2017

Obama: ‘If It Works, I’m For’ Repealing Obamacare [VIDEO]
By Robert Donachie; The Daily Caller ~ Jan 06, 2017

Obama says Sanders' supporters helped undermine Obamacare
By Roberta Rampton; Reuters ~ Jan 06, 2017

Avoid the 8 Most Common Tax Mistakes
By “Motley Fool”; Nasdaq ~ Jan 07, 2017

Rand Paul: Trump Backs Plan To Repeal, Replace Obamacare Simultaneously
By Allegra Kirkland; Talking Points Memo ~ Jan 07, 2017

Kaiser poll: 75% say Congress shouldn’t repeal or ObamaCare or should wait until there’s a replacement ready
By “Allahpundit”; Hot Air ~ Jan 06, 2017

Opinion: 5 health-conscious ways to repeal Obamacare
By Diana Furchtgott-Roth; MarketWatch ~ Jan 06, 2017

Fact check: Nancy Pelosi stretches ACA claims
By Lori Robertson; USA TODAY ~ Jan 06, 2017

IRS prioritized Obamacare over taxpayer customer service, IG report says
By Stephen Dinan; The Washington Times ~ Jan 05, 2017

GOP Lawmaker Pushes for Legislative Delay of Fiduciary Rule
By Ryan Rainey; Morning Consult ~ Jan 06, 2017

U.S. spending more on specialty drugs via Medicare
By Michelle Hackman, Market Watch - Jan 5, 2017

Why Obamacare’s insurance marketplaces won’t necessarily collapse with a repeal
By Carolyn Y. Johnson; The Washington Post ~ Jan 05, 2017  

BREAKING: Senate Dems Attacking Trump’s HHS Nominee Also Own Health Care Stocks
By Richard Pollock; The Daily Caller ~ Jan 05, 2017    

Another ObamaCare Promise Bites The Dust
Editorial; Investor’s Business Daily ~ Jan 05, 2017    

IRS beefs up security for tax season launch
By Michael Cohn; Accounting Today ~  Jan 05, 2017    

GOP wins first Obamacare fight in Senate budget vote
By Stephen Dinan; The Washington Times ~ Jan 04, 2017  

Obama to Democrats: 'Don't rescue' GOP on 'Trumpcare'
By Allen Cone; United Press International ~ Jan 04, 2017

Battle lines drawn on ObamaCare repeal
By Peter Sullivan & Jordain Carney ; The Hill ~ Jan 04, 2017

Obama tries to rally Hill Democrats amid 'bittersweet' goodbye
By Heather Caygle; Politico ~ Jan 04, 2017  

Why 'Father of the 401(k)' regrets pushing the retirement plan
By Steven Porter; The Christian Science Monitor ~  Jan 04, 2017  

A Little Optimism on the Future of Retirement
By Ramesh Ponnuru; Bloomberg ~ Jan 04, 2017  

IRS Forms 1099 Are Coming, Packing A Tax Punch
From Robert W. Wood; Forbes ~ Jan 04, 2017  

House passes rules aimed at preventing lawmaker protests
By Cristina Marcos, The Hill - Jan 3, 2017

Conway: 'Pieces' of Obamacare replacement are ready
By Kyle Feldscher; The Washington Examiner ~ Jan 03, 2017  

Senate turns toward ObamaCare repeal
By Jordain Carney; The Hill ~ Jan 03, 2017  

New drug approvals fall to six-year low in 2016
By Ben Hirschler; Reuters ~ Jan 02, 2017  

Pence to huddle with House GOP on ObamaCare
By Melanie Zanona; The Hill ~ Jan 02, 2017  

Democrats extol health care law in bid to derail GOP repeal
By Richard Lardner; The Associated Press ~ Jan 02, 2017    

Medicare launches revamp for heart attacks, hip fractures
By Ricardo Alonso-Zaldivar; The Associated Press ~ Jan 02, 2017  

American Pharmaceuticals Keep Getting More Expensive, And Drug Market Transparency Isn’t Likely
By Robert Donachie; The Daily Caller ~ Jan 01, 2017  

4 Steps To Improving Your Finances In 2017
From Peter Lazaroff; Forbes ~ Jan 02, 2017  

10 Ways to Fend Off Medicare Surtaxes and Social Security Givebacks
From William Baldwin; Forbes ~ Jan 01, 2017

Q&A: The GOP's path to repealing health care law
By Alan Fram; The Associated Press ~ Jan 01, 2017

 House, Senate headed for clash on Medicare
By Alexander Bolton; The Hill ~ Jan 01, 2017  

Powerful lobbyists swoop in to save sacred tax break
By Lorraine Woellert; Politico ~ Dec 31, 2016

Opinion - The FDA’s Rigged Drug Committees
From “Opinion”; The Wall Street Journal ~ Dec 30, 2016

2017 Brings More Access To Nurse Practitioners, PAs And Telemedicine
From Bruce Japsen; Forbes ~ Dec 31, 2016

A fix for Social Security
By Brian Doherty, Bank Investment Consultant - Dec. 30, 2016

Social Security Reform: If You Are Under 50, Watch Out
By Scott Burns, Special Contributor Dallas News - Dec 30, 2016

Obama's last month: 'Obamacare' defense, Chicago speech
By Josh Lederman; The Associated Press ~ Dec 30, 2016

U.S. Faces Doctor Shortage Despite Specialist Growth
From Bruce Japsen; Forbes ~ Dec 30, 2016

Donald Trump’s plan to cut healthcare waste
From Eric Peters; The Hill ~ Dec 29, 2016

GOP Readies Swift Obamacare Repeal With No Replacement Ready
By Sahil Kapur; Bloomberg ~ Dec 29, 2016

Democrats to Demand Trump Veto Changes to Medicare and Social Security
Roll Call - Dec. 26, 2016

U.S. Tax Season Advice & What To Do Before The Tax Year Ends
From Roger Aitken; Forbes ~ Dec 28, 2016

Analysis: GOP vexed by factions on replacing health law
By Ricardo Alonso-Zaldivar; The Associated Press ~ Dec 27, 2016

2017 Investment Forecasts: Possibly good, no longer great
By Stan Choe; The Associated Press ~ Dec 27, 2016

Growing number of Americans are retiring outside the US
By Maria Zamudio; The Associated Press ~ Dec 27, 2016

This Latest Trump Appointee May Worry Social Security Recipients
By Sean Williams, The Motley Fool - Dec 26, 2016

GOP: Cut taxes, change brackets; but what about deficits
By Stephen Ohlemacher; The Associated Press ~ Dec 26, 2016

Republicans prime the ground for Obamacare repeal
By Paige Winfield Cunningham; The Washington Examiner ~ Dec 26, 2016

How To Work With A Financial Professional
From FidelityVoice; Forbes ~ Dec 26, 2016

Don't junk the DOL fiduciary rule; make it better
By John L. Bowman; Pensions & Investments ~ Dec 26, 2016

Trump could quickly doom ACA cost-sharing subsidies for millions of Americans
By Amy Goldstein; The Washington Post ~ Dec 24, 2016

How to avoid and handle surprise medical bills
From Robin Gelburd; The Hill ~ Dec 24, 2016

To Stop Price Spikes on Prescription Drugs, a Widening Radar
By Gretchen Morgenson; The New York Times ~ Dec 23, 2016

 

It's the same song, but a brand-new verse for 2017's drug-pricing debate
By Tracy Staton; FiercePharma ~ Dec 21, 2016

 

Administrative Costs More Than Doubled After Implementation of Obamacare
By Ali Meyer; The Washington Free Beacon ~ Dec 22, 2016

 

Will Trump Dump New Mandatory Bundled Payments?
By Robert Lowes; Medscape ~  Dec 23, 2016

 

Three end-of-the-year tax tips for retirees
By Ken Moraif; MarketWatch ~ Dec 23, 2016

   

Thinking ahead can make doing your taxes easier
By Tina Orem, Nerdwallet; USA TODAY ~ Dec 23, 2016

 

Alleged Scheme To Fix Generic Drug Prices Started At Dinners And ‘Girls Nights Out’
By Liz Szabo, JoNel Aleccia, & Mark Zdechlik; Kaiser Health News ~ Dec 22, 2016

  

GOP Report Details Extensive Talks Around Appropriation to Pay Insurers
By Mary Ellen McIntire; Morning Consult ~ Dec 22, 2016

 

Democrats lean on drug pricing as Obamacare repeal looms
By Susan Cornwell & Caroline Humer; Reuters ~ Dec 22, 2016

 

Social Security cuts likely by 2030, CBO report says
By Hazel Bradford; Pensions & Investments ~ Dec 22, 2016

   

Avaya: How an $8 Billion Tech Buyout Went Wrong
BY MATT JARZEMSKY and MARIE BEAUDETTE, WALL STREET JOURNAL – DEC 21, 2016

Outraged by Spiking Drug Prices, Congress Tiptoes Around Price Controls
By Eric Pianin; The Fiscal Times ~ Dec 21, 2016

Record number of Obamacare sign-ups on HealthCare.gov for 2017 health insurance coverage
By Dan Mangan; CNBC ~ Dec 21, 2016

Study: Obamacare increased overhead spending for health insurance
By Paige Winfield Cunningham; Washington Examiner ~ Dec 21, 2016

When to Move Retirement Savings Into a Roth IRA
From NerdWallet; The Huffington Post ~ Dec 21, 2016

If The PBGC Calls, Hang Up
By Ashlea Ebeling; Forbes ~ Dec 21, 2016

10 New Year's Resolutions For Your Wallet
From Sean McQuay; Forbes ~ Dec 21, 2016

Apple-Nokia legal battle reignites patent wars
By Richard Waters & Jessica Dye; Financial Times ~ Dec 21, 2016

To fix Obamacare, the GOP needs to tackle this major flaw in the health care system
From Rita Numerof; CNBC ~ Dec 20, 2016

Trump’s Pick For OMB Director Has Vowed To 'End Medicare As We Know It'
By Tierney Sneed; Talking Points Memo ~ Dec 20, 2016

CBO Warns Against Major Changes to Essential Health Benefits
By Mary Ellen McIntire; Morning Consult ~ Dec 20, 2016

In the age of Obamacare, Americans are less healthy
From Sally Pipes; The Washington Examiner ~ Dec 20, 2016

Drug Prices 2016: High Costs Lead To Increased Illegal Imports Of Foreign Medicine
By Juliana Rose Pignataro: International Business Time ~ Dec 20, 2016

When Looking For A Nursing Home, You May Get Little Help From Your Hospital
By Jordan Rau; Kaiser Health News ~ Dec 20, 2016

Big pharma won’t stop raising prices in 2017 — it’ll just do it smarter
By Emma Court; MarketWatch ~ Dec 19, 2016

Female doctors' patients may have lower death and readmission rates
By Elizabeth Whitman; Modern Healthcare ~ Dec 19, 2016

Medicare outpatients risk higher bills for some procedures
By Ricardo Alonso-Zaldivar; The Associated Press ~ Dec 19, 2016

5 Questions To Ask Before You Get A Reverse Mortgage
By Nick Clements; Forbes ~ Dec 19, 2016

The Dirty Little Secret Investment Advisors Don't Want You To Know
From Rob Berger ; Forbes ~ Dec 19, 2016

$253,088 monthly in retirement? That's what's coming for some CEOs
By Kevin McCoy, USA Today - Dec 16, 2016

Trump's Health Savings Accounts May Shift More Costs To Patients
From Bruce Japsen; Forbes ~ Dec 18, 2016

Why Older Adults Are So Susceptible To Financial Fraud
From Olivia DaDalt, NA; Forbes ~ Dec 18, 2016

Trump's pick for budget chief could signal major shift on Medicare, Social Security
By Bob Cusack, The Hill - Dec 17, 2016

Obama Administration Reaffirms Plan For Illegal Change To ACA
From Seth Chandler; Forbes ~ Dec 17, 2016

Will Donald Trump Cave on Social Security?
By The Editorial Board; The New York Times ~ Dec 17, 2016

Obama Abandons Effort to Contain Medicare Drug Prices
By Eric Pianin; The Fiscal Times ~ Dec 16, 2016

Obama Just Partially Repealed Obamacare, Proving Republicans Can Succeed
From John Graham; Forbes ~ Dec 16, 2016

Obama Wants Millions of Americans in His Retirement Plan. So Far He’s Got 20,000
By Suzanne Woolley; Bloomberg ~ Dec 16, 2016

US taxpayers’ bill for ObamaCare premium hikes: $10 billion extra in 2017
By Ed Morrissey; Hot Air ~ Dec 15, 2016

U.S. states sue Mylan, Teva, others for fixing drug prices
By Diane Bartz & Sarah N. Lynch; Reuters ~ Dec 15, 2016

CMS Adds 2 Compare Websites to Boost Healthcare Transparency
By Jacqueline Belliveau; RevCycleIntlligence ~ Dec 15, 2016

Republicans could keep parts of Obamacare for up to four years
By Jennifer Haberkorn; Politico ~ Dec 15, 2016

House Republicans accelerate efforts on tax reform bill
By David Morgan; Reuters ~ Dec 14, 2016

Understanding your explanation of benefits
From Robin Gelburd; The Hill ~ Dec 15, 2016

What Is an Above-the-Line Tax Deduction?
By Maurie Backman, TMF; Fox Business ~ Dec 15, 2016

Nokia Says It Settled Lawsuit Relating to Its Alcatel-Lucent Buyout Offer Followed by Squeeze-Out
By MT Newswires; Nasdaq ~ Dec 15, 2016

How the Fed rate hike affects retirement savings
By Jill Cornfield; Bankrate ~ Dec 14, 2016

Fed raises key interest rate and foresees 3 hikes in 2017
By Martin Crutsinger; The Associated Press ~ Dec 14, 2016

U.S. Generic Drug Probe Seen Expanding After Guilty Pleas
By Tom Schoenberg, David McLaughlin, & Sophia Pearson; Bloomberg ~ Dec 14, 2016

Sign-ups for 2017 Affordable Care Act health plans run slightly ahead of last year
By Amy Goldstein; The Washington Post ~ Dec 14, 2016

Opinion - Cures Act: Healthcare innovation, grab bag giveaway, or both?
From Harry Nelson; The Hill ~ Dec 14, 2016

American savers win regardless of the fiduciary rule's future
From Jamie Hopkins; The Hill ~ Dec 14, 2016

Trump’s business practices could help curb the crazy high drug prices
From David Balto & Becky Davidson; The Hill ~ Dec 13, 2016

This is why Obamacare matters, Democrats say
By Tami Luhby; CNNMoney ~ Dec 13, 2016

Obama signs bill boosting spending on cancer research
The Associated Press ~ Dec 13, 2016

Nokia addresses major virtualization barrier with VNF templates
By Caroline Gabriel; Rethink Research ~ Dec 13, 2016

Repealing Itself? Only Four of 24 Obamacare Co-0ps Remain Open
By Richard Pollock; The Daily Caller ~ Dec 12, 2016

After health-care repeal vote, some in GOP fear a cliff
By Alan Fram; The Associated Press ~ Dec 12, 2016

Pro-ObamaCare groups launch ads against repeal
By Peter Sullivan; The Hill ~ Dec 12, 2016

What The Trump Tax Proposals Mean For High Net Worth Retirees
From Jeff Fosselman; Forbes ~ Dec 12, 2016

While Paul Ryan Plots Obamacare Fix, Insurers Want 'Transition' Money
From Bruce Japsen; Forbes ~ Dec 11, 2016

Act now to manage the tax bill that will be due next year
By Sarah Skidmore Sell; The Associated Press ~ Dec 11, 2016

Democrats raise the alarm over GOP Social Security plan
By Joseph Lawler, Washington Examiner - Dec

Key House GOPer Introduces Bill With Major Cuts To Social Security
By Tierney Sneed; Talking Points Memo ~ Dec 09, 2016

Outside Groups Announce Coalition To Fight GOP's Obamacare Repeal Plans
By Tierney Sneed; Talking Points Memo ~ Dec 09, 2016

Court Directs CMS to Clear Medicare Appeals Backlog
By Stephen P. Nash; The National Law Review ~ Dec 09, 2016

How retirement accounts can affect your tax bracket
By Kathryn Hauer; USA TODAY ~ Dec 09, 2016

Estate Planning Tip: Creditor Protection for IRAs & Beneficiaries
From Barry Glassman; Forbes ~ Dec 09, 2016

The ACA is crushing the morale of our medical professionals
By Jason D. Fodeman; The Hill ~ Dec 09, 2016

Surprise! Obamacare Repeal Includes A Stealth Tax Cut For Top Earners
By Tierney Sneed ; Talking Points Memo ~ Dec 09, 2016

Democrats Plan Fight to Save Obamacare
By Russell Berman; The Atlantic ~ Dec 09, 2016

Reverse Mortgage Lenders Fined for Ads That ‘Tricked’ Older Borrowers
By Ann Carrns; The New York Times ~ Dec 09, 2016

Column: The GOP unveils a 'permanent save' for Social Security — with massive benefit cuts
By Michael Hiltzik, Los Angles Times - Dec 9, 2016

HHS Chief Warns Senate Democrats of ‘Chaos’ Under ACA Repeal
By Mary Ellen McIntire; Morning Consult ~ Dec 08, 2016

Return of Nokia – the Next Big Bang
By Tushar Mehta; PCQuest ~ Dec 08, 2016

Why Obamacare could be the messiest battle of 2017
By MJ Lee; CNN ~ Dec 08, 2016

Obamacare chaos: Insurers may flee before new plan is put in place
By Tami Luhby; CNNMoney ~ Dec 06, 2016

Republicans Are In A Nasty Obamacare Trap
From John C. Goodman; Forbes ~ Dec 07, 2016


New Medicare data show steep increases in drug prices
By Shelby Livingston & Art Golab; Modern Healthcare ~ Dec 07, 2016


A New Plan to Save Social Security for Another 75 Years
By Eric Pianin; The Fiscal Times ~ Dec 07, 2016


Medicare looms over Trump-Ryan alliance
By Peter Sullivan, The Hill - Dec 6, 2016


GOP Has Its Work Cut Out For It In Obamacare Repeal: This Year’s Exchange Subsidies Expected To Cost $32 Billion
By Sarah Hurtubise; The Daily Caller ~ Dec 056, 2016


ObamaCare expansion explosion demands action
By Jonathan Ingram & Nic Horton; The Hill ~ Dec 06, 2016


Health Insurers List Demands if Affordable Care Act Is Killed
By Reed Abelson; The New York Times ~ Dec 06, 2016


Many smartphone health apps don't flag danger, says review
By Mike Stobbe; The Associated Press ~ Dec 06, 2016


Ryan: 'We Will Decide Later' How And When To Tackle Medicare Privatization
By Allegra Kirkland, TMP livewire - Dec 5, 2016


Sen. Collins Signals GOP Wall On Obamacare and Medicare Is Cracking
By Lauren Fox, TMP Livewire - Dec 5, 2016


U.S. court puts Obamacare case on hold until Trump takes office
By Lawrence Hurley; Reuters ~ Dec 05, 2016


House Republicans Warn Not to Expect ACA Repeal on Day One
By Mary Ellen McIntire; Morning Consult ~ Dec 02, 2016


Insurers’ Flawed Directories Leave Patients Scrambling For In-Network Doctors
By Jay Hancock; Kaiser Health News ~ Dec 05, 2016


How To Improve Your Credit Score Quickly
From Cynthia Meyer; Forbes ~ Dec 05, 2016


Healthcare Lobbies Fight To Keep 20M Obamacare Customers
From Bruce Japsen; Forbes ~ Dec 04, 2016


Why I'm Hoping The Trump Administration Doesn't Kill The DOL Fiduciary Rule
From Tim Maurer; Forbes ~ Dec 03, 2016


A Great Read for Americans Who Want to Know What the Heck is Going in With Drug Prices!
By Gabriel Levitt, President, PharmacyChecker.com - Dec 1, 2016


Key House chairman: GOP will change Medicare, to 'save' it
By Erica Werner; The Associated Press ~ Dec 02, 2016


Which Americans Are Shut Out of the Affordable Care Act?
By Teresa Mears; US News & World Report ~ Dec 02, 2016


U.S. Sees Historic Jump in Health Care’s Share of the Economy
By Kimberly Leonard ; US News & World Report ~ Dec 02, 2016


What's wrong with the drug pricing climate? Ask a different pharma CEO, get a different answer
By Carly Helfand; FiercePharma ~ Dec 02, 2016


Opinion: What is the deal with prescription drug costs?
From Dana Connolly; The Hill ~ Dec 02, 2016


Opinion: Trump's tax plan has a hidden surprise for Social Security
By Brenton Smith, The Hill - Dec. 1


Opinion - Dr. Kevin Campbell: What a Trump presidency really means for Medicare
By Dr. Kevin Campbell, Fox News - Dec 1, 2016


Stop the ‘Medi-scare’ politics, Ryan tells Democrats – the system needs changes
By David Lightman, McClatchyDC - Dec 1, 2016


Drug pricing debate going into hibernation
By Sarah Chacko; The Hill ~ Dec 01, 2016


Poll: Only about 1 in 4 wants Trump to repeal health law
By Ricardo Alonso-Zaldivar; The Associated Press ~ Dec 01, 2016


New Customers Selecting An Obamacare Plan Down Nearly 200,000 From Last Year
By Ali Meyer; The Washington Free Beacon ~ Dec 01, 2016


Assessing Health Care Value: The Need for a Decentralized and Scientific Approach
From Tomas Philipson; Forbes ~ Dec 01, 2016


Insurance blind spots: 5 coverage gaps that could cost you
By ALEX GLENN, Nerdwallet; The Associated Press ~ Dec 01, 2016


LOCAL RETIREE ORGANIZATIONS

(If you are affiliated with a local Lucent retiree group, let us know we'll post your next event.)

WECO SAGE is a group formed by computer pioneers who worked for Western Electric Company in the 1950s and 1960s installing an Air Defense System for the United States Air Force. The members of this Group have maintained their personal, and in some cases professional, relationships for over 50 years. The Group, whose members once numbered in the hundreds, meet on an annual basis at different locations throughout the country.The 2015 reunion was held in Pacific Grove, California on the Monterey Peninsula on the 13th-15th of September. Contact Ron Trettau.


Club WECO-AT&T-Bell Labs-Lucent Technologies-Teletype-NCR-ALU. This group is intended primarily as a forum to connect (network) and maintain communication between past and/or current members. Video of the December 16 event is here.... Contact Jim Simak.


eX TELETYPE is for ex-Teletype Employees to keep in touch. Teletype Corp. was located in Skokie, IL and Little Rock, AK. The Spring gathering of Teletype and Lucent people and friends was held on Tuesday May 10. Mark your calendars..the November 2016 TTY Riggio's get together will be held on the 3rd Tuesday (November 15th.) due to the National Election. ..Contact John Furno.


lucent5-5 is for Lucent retirees who took the special 5+5 voluntary retirement on July 13, 2001 (or wish they could have!). Its purpose is to keep in touch, to help provide support for working with the Lucent Pension folks, and to talk about Lucent in general. To subscribe, send an email to lucent5-5-subcribe@yahoogroups.com.


PCLUCENTALUM This group was set up to facilitate communication among ex-Lucent employees in Northern California. Send email to pclucentalum@yahoogroups.com