The House Energy and Commerce Committee found another $5 Billion tucked into the Affordable Care Act (ObamaCare) given to unions, state public employees and “big” corporations to pay for early retirement – $2 Billion of which has already been paid out – or more. Along with the UAW and major corporations, the states of California, Ohio, Georgia, New York and Texas have received millions. But the United Auto Workers is #WINNING – and received more than the states of New York, California and Texas combined. See those numbers below.
As Reason says, the program was “so awesome” our rascally government says it is now out of money and the last claim will be paid on the last day of April 2011. Democrats and bureaucrats see the program as a phenomenal success (thanks to you and to me). Reason writer Peter Suderman says he would “hate to see failure looks like.”
As House members readied for an oversight hearing, they found an unfamiliar agency, the CCIO – the Center for Consumer Information and Insurance Oversight. Then endgame is the creation of the Early Retiree Reinsurance Program (ERRP).
The legislation called for the program to spend a total of $5 billion, beginning in June 2010 — shortly after Obamacare was passed — and ending on January 1, 2014, as the system of national health care exchanges was scheduled to go into effect…
The idea was to subsidize unions, states, and companies that had made commitments to provide health insurance for workers who retired early — between the ages of 55 and 64, before they were eligible for Medicare…
According to a new report prepared by the Department of Health and Human Services, “People in the early retiree age group…often face difficulties obtaining insurance in the individual market because of age or chronic conditions that make coverage unaffordable or inaccessible.” As a result, fewer and fewer organizations have been offering coverage to early retirees; the Early Retiree Reinsurance Program was designed to subsidize such coverage until the creation of Obamacare’s health-care exchanges.
I can name multiple friends and family who paid for Cobra coverage to span the gap before reaching Medicaire. It was expensive, but they did not expect the taxpayer to pay for their healthcare. If you want to argue that Medicare is taxpayer supported, I’ll agree but most couples pay more than $600 a month for Medicare and supplemental coverage, plus dental and prescriptions. Medicare and the necessary supplementals are not free, and already, Medicare has cut coverage to many medical procedures, which means the supplemental you pay for doesn’t cover it either.
The United Auto Workers are the winning recipients at this time. They have received $206,798,086 since June 2010. that’s TWO HUNDRED AND SIX MILLION, SEVEN HUNDRED AND NINETY EIGHT THOUSAND AND EIGHTY SIX DOLLARS. The United Food and Commercial Workers, the Teamsters and the United Mine Workers received an unspecified bundle as well.
ATT&T comes next after the UAW with $140 Million, Verizon $91.7 Million, GE (didn’t pay any taxes) received $36.6 Million, and the already-bailed-out Government Motors took another $19 Million.
You’ll love this:
The program also paid large sums of money to state governments. The Public Employees Retirement System of Ohio received $70,557,764; the Teacher Retirement System of Texas received $68,074,118; the California Public Employees Retirement System, or CalPERS, received $57,834,267; the Georgia Department of Community Health received $57,936,127; and the state of New York received $47,869,044. Other states received lesser but still substantial sums.
GM announced $400 million in bonuses in February 2011. FLASHBACK: Union bosses collude with White House to tax premium insurance plans but exempt collectively-bargained plans. Remember the 22-pound UAW contract – 2,215 pages?
We have so much to be outraged about. Add the EERP to your list, tell your neighbors and brush up on those still left in Congress who voted for the egregious ObamaCare.