FOXNews.com: ObamaCare Bailout? Detroit reportedly eyes health care law to cut costs

FOXNews.com FOX News Network - We Report. You Decide. // via fulltextrssfeed.com

ObamaCare Bailout? Detroit reportedly eyes health care law to cut costs Jul 29th 2013, 12:06 Detroit could be looking to ObamaCare for a bailout as city leaders try to cut back on 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.  Doing so would ease the burden on the Detroit coffers by taking them off city coverage.  But it would inevitably increase the burden on the federal government, with subsidies from ObamaCare being provided by federal taxpayers.  The plan could serve as a way around the warnings from Obama administration officials and lawmakers that they have little interest in extending bankrupt Detroit a bailout.  According to the Times, other cash-strapped cities like Chicago are also contemplating shifting retirees onto the insurance exchanges.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions