Posted on 03/26/2010 9:37:09 AM PDT by RobinMasters
Congress passed the bill without knowing what was in it. Barack Obama signed it without reading it. Now it looks as though the Associated Press reported on ObamaCare without comprehending its content. Readers will have to scroll far down to discover that the elimination of a key tax break that kept retirees on company prescription-medication plans will mean dumping millions of seniors onto Medicare — and that the AP ignored it until now:
The health care overhaul will cost U.S. companies billions and make them more likely to drop prescription drug coverage for retirees because of a change in how the government subsidizes those benefits.
In the first two days after the law was signed, three major companies — Deere & Co., Caterpillar Inc. and Valero Energy — said they expect to take a total hit of $265 million to account for smaller tax deductions in the future.
With more than 3,500 companies now getting the tax break as an incentive to keep providing coverage, others are almost certain to announce similar cost increases in the weeks ahead as they sort out the impact of the change.
Figuring out what it will mean for retirees will take longer, but analysts said as many as 2 million could lose the prescription drug coverage provided by their former employers, leaving them to enroll in Medicare’s program.
(Excerpt) Read more at hotair.com ...
Ping
wow
The hell with it. The only solution is to bankrupt the system. It’s the only way the states will turn around and the only way the Federal Government will get turned around. Right now, I have only one personal goal with regard to healthcare - take as much personal care of my health as I can so that I stay out of the system to the greatest extent possible. When everything crashes and burns, I’ll try to help restructure things by speaking out. Right now, there are a whole lot of open hands and closed ears. The debate is essentially over.
Looks like I’ll be scrubbing toilets till they put me in the grave.
When the congressional Staffers didn’t even KNOW they were being dumped into the new Government Healthfare Program is a perfect example of the stupidity that is infecting the American Society.
How can they be so dumb...
Gomer Pyle: Surprize, Suprize, Suprize!!!
I read this somewhere else yesterday. The ‘cost’ to taxpayers of giving the tax breaks to employers who provide the benefit to their retirees is about 50% of the cost of all these retired persons signing up for Part D.
I completely disagree.
The communist/socialist/liberal anonymous authors of this coup d’etat knew perfectly well what they put into the bill.
That is why they wrote exemptions for themselves.
They intended to destroy private heath insurance as a bridge to single payer or de facto single payor via a few giant goverment monopoly insurance plans.
Ping!
they also forgot to report that Obama is clearly an America, hating, commie too—both before and after the election they somehow missed this.
Ain’t this just peachy keen.......
surprise = no
But is was HISTORIC ya know.
Yes, sadly you are right.
Gosh it’s too bad we didnt learn about this BEFORE it was passed into law.
If only there were some people who would have called for a stop to this ...
They weren’t.
We were. Or enough of us were.
Meanwhile...
Who says they are stupid? I say they were deliberate...
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