Erlanger retirees feel the knife: Latest cost-cutting move tripl - WRCBtv.com | Chattanooga News, Weather & Sports

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Erlanger retirees feel the knife: Latest cost-cutting move triples their health insurance premiums

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Retirees from Erlanger Health System, Hamilton County's fourth-largest employer, will see their health insurance rates triple next year as the hospital joins a growing trend of employers backing away from such a benefit.

The move is the latest in a series of cost-cutting measures enacted since CEO Kevin Spiegel arrived at the hospital in April. All have been necessary, he insists, to bring Erlanger out of its financial slump the past several years.

"We just can't afford it anymore, or provide it anymore," Spiegel said of the retiree health benefit. "This year we had to ask the question: Can we really afford retiree health benefits at all? We decided not to eliminate the benefit in its entirety, but the retiree will be paying most of the cost."

Read more from our partners at the Times Free Press.

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