Posted on 11/03/2011 2:02:19 AM PDT by markomalley
President Barack Obama's health care law created a $5 billion fund to shore up coverage for early retirees, and some of that money is flowing to places you might not expect.
Two Texas public employee programs are among the top 25 recipients of the federal subsidy despite Texas Gov. Rick Perry's opposition to the law Republicans derisively call "Obamacare."
(snip)
But that still works out to more than 400,000 companies. Add state and local government agencies, as well as union plans, and the number swells. Indeed, the Obama administration's subsidy program got so many applications it stopped accepting new ones after approving more than 6,000. The program pays 80 percent of the claims amount for early retirees ages 55 to 64 whose care costs between $15,000 and $90,000.
The top beneficiary: the United Auto Workers retiree medical plan, which has collected more than $220 million.
"Some people have described this program as `Cash for Clunkers,' in the sense that if you want it, you have to get in line first," said Paul Fronstin, an economist with the research group. "There was a lot of advice given to be first in line." The original Cash for Clunkers was an Obama administration program that paid people to trade in gas guzzlers for more fuel-efficient transportation. It created a marketing sensation before running out of cash.
Texas, it seems, heeded the advice. So did Huntsman International.
The Teacher Retirement System of Texas, a statewide system for public education employees, received more than $70 million as of Sept. 22, according to the federal Health and Human Services Department. The Employees Retirement System of Texas, which covers state employees, received about $30 million.
Huntsman International, the main operating subsidiary of the family-founded chemical conglomerate, is also collecting subsidies.
(Excerpt) Read more at old.news.yahoo.com ...
Good one!
I like the way they work Texas into the discussion. How much money did NY, NJ, MI, CA get?
Every underhanded crony handout and benefit in the ObamaCare plan was placed there intentionally.
The only thing “unexpected” is that the public would find out about this particular give-away.
I work in a non profit hospital and we don’t get any kind of medical at retirement at all...none....
Auto bailout
A) Unions
B) Joe the Plumber
Stimulus bill
A) Unions
B) Joe the Plumber
Obama Care
A) Unions
B) Joe the Plumber
UNEXPECTED MY A$$
Surprise! Surprise! Surprise!
“We have to pass the bill so we can find out what’s in it.”
“Pass it now!”
“We can’t wait!”
and on and on . . .
Two-faced politicos,, the country is full of them
We have to make them pay. Pay for their arrogance, lies and our
indentured slavery.
The people who voted YES for Obamacare— WE
VOTE THEM OUT IN 2012.
We made a good start in 2010. We ran Burt Stupak out of town, David Obey retired,
Senator Blanche Lincoln got shellacked.
NOW WE MUST DEFEAT ON NOVEMBER 2012
Senator Ben Nelson (NE)
Barack Obama
Senator Claire McCaskill (MO)
WHO else is on the list?
ANY DEMOCRAT WHO VOTED YES ON OBAMACARE OR DID NOT VOTE
OR WILL NOT VOTE FOR REPEAL.
Joe Mancin
Jason ALtmire
who else?
If you work there..that is your choice. If you dont get any retirement work somewhere else and stop begrudging the military retirees what they EARNED. iF YOU MISS birthdays or other events at least you are not on some foreign land being shot at or knowing the risks are high...so stop whining. Thank a vet for keeping this nation safe
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