Posted on 10/22/2013 12:42:47 PM PDT by SteveH
As bankruptcy hearings continue in Detroit to determine the legality of the citys historic Chapter 9 bankruptcy filing in July, state workers are hoping to get some clarity on the future of their pension benefits.
While bankruptcy and union lawyers continue to battle it out, the city has already announced significant changes to its retiree health benefits program. Effective Jan.1, retired city workers under age 65 will no longer receive full coverage from the state and will instead receive a $125 stipend to shop in Michigans health-care exchange under the newly-rolled out Affordable Care Act.
Retired city workers already eligible for Medicare will continue to have most or all of their costs covered by the city, according to The Detroit Free Press . At $6 billion, health-care benefits for retired city workers are nearly one-third of the citys total $18 billion in liabilities. The Detroit Free Press also reports the city estimates these cuts will reduce coverage costs for retirees to $50 million or less from $170 million.
The Department of Health and Human Services estimates the average American will pay $328 per month for a premium health insurance plan on the exchanges before any subsidies. HHS reports the weighted average premiums in Michigan for a lowest cost silver plan are $271, $306 for the second-lowest cost silver plan and $222 for the lowest-cost bronze plan. The retired workers receiving the $125 monthly stipend in place of full benefits could still be eligible for subsidies under the ACA, for those making up to 400% of the federal poverty levelabout $45,000 for an individual, according to the Kaiser Family Foundation.
(Excerpt) Read more at foxbusiness.com ...
Later in the article, it was clarified that the $125 stipend was a monthly amount which would equal $1500 per year. From the article:
The retired workers receiving the $125 monthly stipend in place of full benefits could still be eligible for subsidies under the ACA ...
To dispose of the body when there are no funds.
Bwahahahahahahahahahaaaaaaaaaaaaaaaaaaaaa. Thud.
Not sorry.
To ensure you keep voting ;-)
They voted for it and now they are going to get it.
I find it funny.
And then I remember how Detroit used to be and I get mad.
Good!
HA HA HA!!!!!!!!!!!!!!!!!!!!!
Nah, actually I’m going in for a bionic hip replacement next week here in GA.
If you want to take a vacation in Michigan, make it rural.
I can hear the wailing now...”But, I was always a good Democrat; I volunteered and donated, helped with stuffin’ the votes in the back room of the union hall, and even beat up on some Tea partiers! Now you’re gonna put me on the serf plan instead of the congress plan? You can’t do that!”
$255, IIRC.
“Why should Social Security pay anything for a funeral?”
Why should taxpayers pay anything for useless, fat-ass government bureaucrats?
No treatment for you, 'creek. Obamacare operatives know you are a ping list operator on the terrorist website. You're a prime death-panel belt notch for some faceless bureaucrat, after the IRS loots your belongings. Adios, bro. / some sarcasm
BUMP!
DISMANTLE/DEFUND the leviathan.
He has erected a multitude of New Offices, and sent hither swarms of Officers to harrass our people, and eat out their substance.
--That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.
Same here, 'creek. I do hope that your recovery is complete. (I despise being sick)
The fever broke an hour or so ago and its like magic. I’ve still got the congestion and cough but no more fever, chills and aches.
make all of America subsidize them?<<
Yup!...The 53% of us that are left...That still pay taxes..
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