Detroit’s Obamacare Bailout To Backfire

Detroit looking to ObamaCare for a bailout as city leaders try to cut retiree health costs as they enter bankruptcy proceedings. The New York Times reported Monday that the city is proposing a plan aimed at reducing its $5.7 billion in outstanding retiree health costs. In short, they want to take those retirees too young to qualify for Medicare and send them into the ObamaCare insurance markets — which are scheduled to launch next year. But it would inevitably increase the burden on the federal government, with subsidies from ObamaCare being provided by federal taxpayers.

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