Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : A US National Health Care System? -- Ignore unavailable to you. Want to Upgrade?

To: gg cox who wrote (19966)	11/11/2010 11:27:44 AM
From: Lane3	Read Replies (1) \| Respond to of 42652

I've read that lots of companies are cutting back on retiree benefits as a consequence of PPACA reducing/eliminating the subsidy. Product of horse trading in getting the bill passed. As for federal retirees, I noticed that the Deficit Commission addressed out health benefits in the report that was released yesterday. Wants to "increase cost sharing." Since Medicare pays first and the retiree coverage only fills in the gap (20%), that would not seem like much of an opportunity for deficit reduction. Since we pay the same for it as current employees, where it pays first and fully, I imagine that a lot of retirees would drop coverage. Another one of those unintended consequences when you don't think things through.