GlaxoSmithKline Saves $432 Million by Shifting Retirees to Health Exchanges

GlaxoSmithKline has saved around $431.8 million by shifting medical costs for future retirees to insurance policies purchased on health-care exchanges, according to the Philadelphia Inquirer. That's in place of them being part of the company sponsored plan. Although health insurance exchanges are making headlines these days because of the wonky rollout of the government led exchange that's part of the Affordable Care Act, insurance exchanges have been available to Medicare recipients for several years.

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