Obama will offer companies $5B to help pay for retiree health insurance and offset some of the...

|By:, SA News Editor

Obama will offer companies $5B to help pay for retiree health insurance and offset some of the costs employers announced after the new health care law was enacted. Companies such as Caterpillar (CAT) and Deere (DE) had pointed to a provision that ended a tax break for providing drug coverage to retirees.