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Politics : A US National Health Care System?
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To: Brumar89 who wrote (15501)3/27/2010 1:22:37 PM
From: Alighieri3 Recommendations  Read Replies (1) of 42652
 
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.

You keep reading BS from BS websites. They meant to close this loophole. Under Medicare PartD, companies that provide prescription drug benefits for retirees were getting a subsidy from the government (you and me brumey) equal to 28 percent of the eligible costs. They were deducting the entire amount they spent on these drug benefits – including the subsidies – from their taxable income. ATT made 3B in profit last year...they were not paying taxes on all of that as a result.

Send that to your hotair BS site so they understand it too.

Al
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