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Looks like taxpayers may end up bailing out Detroit, and other large cities (Chicago)
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.
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.
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