Sunday, July 7, 2013

Welcome to the exchange

Discussions about the Obamacare exchanges usually wonder if businesses will dump their employees there - instead of continuing to provide their healthcare.
Did anyone think cities, crushed by years of over promises, might find the exchanges as helpful places to dump their obligations?
The municipalities plan to end or limit health coverage for retirees under 65 who don’t yet qualify for Medicare, with the expectation they can get insurance in the exchanges opening Jan. 1 under President Barack Obama’s health-care law.
With U.S. cities facing rising benefit costs and billions of dollars in unfunded liabilities, more municipalities will consider moving retirees off city rolls and into the exchanges, even if they continue to subsidize the coverage, said Neil Bomberg, a program director at the National League of Cities in Washington
There's another added cost to your "free healthcare."

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