Another reason to hate Obamacare, as Detroit shifts its debt from itself and all the untenable promises it made onto the bulk of the American taxpayer
(NY Times) As Detroit enters the federal bankruptcy process, the city is proposing a controversial plan for paring some of the $5.7 billion it owes in retiree health costs: pushing many of those too young to qualify for Medicare out of city-run coverage and into the new insurance markets that will soon be operating under the Obama health care law.
Officials say the plan would be part of a broader effort to save Detroit tens of millions of dollars in health costs each year, a major element in a restructuring package that must be approved by a bankruptcy judge. It is being watched closely by municipal leaders around the nation, many of whom complain of mounting, unsustainable prices for the health care promised to retired city workers.
Similar proposals that could shift public sector retirees into the new insurance markets, called exchanges, are already being planned or contemplated in places like Chicago; Sheboygan County, Wis.; and Stockton, Calif. While large employers that eliminate health benefits for full-time workers can be penalized under the health care law, retirees are a different matter.
Promises shmomises. Nothing like pushing Detroit’s promises onto Other People while giving them substandard treatment. The article also notes that many municipalities with similar problems may do the same, meaning more and more people will be subsidized by the Federal government, or, really, the 53% who actually have a federal tax burden. Good thing that if you like your plan you can’t keep it, eh?
yeah, who didn’t see this coming?
We knew companies would be doing this. And they are. What we didn’t understand was that city and state governments would be doing this in an abject subjugation to federal power.
Am wondering how those city employees feel about being enslaved by ObamaCare?
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