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Welcome to ObamaCare, Part II

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Unread 03.30.10, 09:11 PM
@AFPhq @AFPhq is offline
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Welcome to ObamaCare, Part II

03.30.10 10:48 AM

Last week I told you about the false advertising around the childhood preexisting condition ban, today itís more on the politicization of private sector health care decisions.

In 2003, when President Bush expanded federal coverage for elderly Americansí prescription drugs, he also included a subsidy so businesses would keep retirees in their private drug benefit plans. The payout was about $665 per employee each year they were kept on private coverage. The goal was to keep employers from dumping retirees into the newly expanded government plan.

Last week, Obama and the Democrats in Congress removed the subsidyís tax-free status.

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