More Unintended Consequences

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Ed Morrissey at Hot Air reported yesterday that beginning in 2013, 3M will no longer cover retirees with its corporate health insurance plans. 

According to the article:

"Instead, the company will direct retirees to Medicare-backed insurance programs, and will provide reimbursement for that coverage. It'll also reimburse retirees who are too young for Medicare; the company didn't provide further details.

"The company made the changes known in a memo to employees Friday; news of the move was reported in The Wall Street Journal and confirmed Monday by 3M spokeswoman Jackie Berry."

The healthcare law was written with incentives for companies to keep retirees on their insurance plans until 2014, but evidently the incentives were not enough.  The law included a $5 billion fund for employers and unions to offset the cost of retiree health benefits. 

I suspect that this is only the beginning.  As more and more retirees lose their healthcare benefits, they will wind up going into Medicare and government programs.  Remember, the healthcare bill seriously cut Medicare funds, just as the baby boomers are retiring.  This will mean a loss of the quality healthcare that senior citizens have previously enjoyed.  The other thing to notice here is that this all takes place after the 2012 presidential election.  This is also by design.

If Americans are paying attention, they will elect a Congress that will repeal and replace Obamacare before it can do any serious damage.  Obamacare is not what we were told it was.  Please vote Republican.  A vote for a Democrat is a vote to deny healthcare to senior citizens.

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This page contains a single entry by Granny G published on October 6, 2010 1:44 PM.

This Is Probably An Inconvenience, But I Thing It Is A Good Idea was the previous entry in this blog.

California Proposition 19 is the next entry in this blog.

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