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 ...
and medicare is cutting services not waste....this should be a fine mess....just notified my dieing mother is being removed from hospice because she didnt die fast enough...but they got their 30thousand dollar bonus for singing her up for 6 months...plus the monthly ...its a racket.
Obama needed a "victory".
And that the AP ignored it until now.Wow what a suprise.
When Part D was first signed into law, I figured I would lose my drug plan sooner or later.....looks like it’s come to pass.
Well..this way, they can be sure to get everyone on to medicaid so they can control how many meds you get...declining them...thus you die sooner.
Health bill may exempt top Hill staff
Meanwhile...
I thought hospice was free?
First Black President needed a victory and the AP were complacent....
The WSJ had an interesting op-ed today about the new privilege class. They had a side by side table showing the difference now between the private sector (salaries, benefits, pensions) and the government/union sector. In every instance the govt/union sector win out! On top of that, they never leave their jobs once there. Almost all have job security no matter their work record.
can’t be!
Obama said if we liked our current plan we could keep it !
/s
... and the good news is ????
Is there any?
A way to stop this disaster would be for Doctors to call in a National Sick Day. They have more power then anyone right now. I think the Dems would get the message.
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.
Then what the Republicans in both houses should do is submit a bill requiring all congressmen and senators to join the health plan they have just passed.
They should call it the "Put up or shut up mandatory health bill"
Special exemption for union members, no doubt.
Some hospice services may be free. The ones I’m familiar with aren’t. They’re non-profit, but still charge a fee, though that’s often at least partially covered by Medicare and/or other insurance.
BTTT
bfl
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.