PEABODY TO CANCEL HEALTH CARE BENEFIT FOR RETIRED COAL MINERS

Peabody Energy is ending a health care benefit program for retired miners as a cost-saving measure.

The St. Louis-based coal giant announced plans last week to discontinue coverage of medical expenses for workers enrolled in Medicare and to stop providing life insurance to retirees, The Casper Star-Tribune reported.

The change is expected to go into effect Jan. 1.

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