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I think that's the history of modern capitalism. Companies are obsessed with cost cutting, and cutting benefits is always an attractive option. It's seen as something intangible, it's not like selling a building or laying off a division. It used to be a significant indicator when companies did things like that, these days it's business as usual.
I think this is welcome to the new normal. especially when it comes to healthcare in the United States. Insurance is going to be a mess the next year or two.