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Member, Beacon International Group, Ltd.
New York Mayor Eric Adams is giving employee unions and the City Council an ultimatum, aiming to end a standoff over retirees’ health insurance that could cost the city budget billions, The City reports. The Council must either allow his administration to switch retired city workers to a private Medicare Advantage plan, with an option to opt out for a price, or the Adams administration will unilaterally discontinue all health insurance plans that currently cover retired city workers and replace them with a Medicare Advantage plan.