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Detroit Scraps Benefits for City Pensioners, Puts Them into ACA Exchange (Obamacare retirement)
Fox Business ^ | Oct. 16, 2013 | Kate Rogers

Posted on 10/22/2013 12:42:47 PM PDT by SteveH

As bankruptcy hearings continue in Detroit to determine the legality of the city’s historic Chapter 9 bankruptcy filing in July, state workers are hoping to get some clarity on the future of their pension benefits.

While bankruptcy and union lawyers continue to battle it out, the city has already announced significant changes to its retiree health benefits program. Effective Jan.1, retired city workers under age 65 will no longer receive full coverage from the state and will instead receive a $125 stipend to shop in Michigan’s health-care exchange under the newly-rolled out Affordable Care Act.

Retired city workers already eligible for Medicare will continue to have “most or all” of their costs covered by the city, according to The Detroit Free Press . At $6 billion, health-care benefits for retired city workers are nearly one-third of the city’s total $18 billion in liabilities. The Detroit Free Press also reports the city estimates these cuts will reduce coverage costs for retirees to $50 million or less from $170 million.

The Department of Health and Human Services estimates the average American will pay $328 per month for a premium health insurance plan on the exchanges before any subsidies. HHS reports the weighted average premiums in Michigan for a lowest cost silver plan are $271, $306 for the second-lowest cost silver plan and $222 for the lowest-cost bronze plan. The retired workers receiving the $125 monthly stipend in place of full benefits could still be eligible for subsidies under the ACA, for those making up to 400% of the federal poverty level—about $45,000 for an individual, according to the Kaiser Family Foundation.

(Excerpt) Read more at foxbusiness.com ...


TOPICS: Business/Economy; Government; News/Current Events; US: Michigan
KEYWORDS: abortion; deathpanels; detroit; michigan; obamacare; retirement; zerocare
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To: Venturer
A $125 dollar stipend, what an insult.

Later in the article, it was clarified that the $125 stipend was a monthly amount which would equal $1500 per year. From the article:

The retired workers receiving the $125 monthly stipend in place of full benefits could still be eligible for subsidies under the ACA ...

21 posted on 10/22/2013 2:32:16 PM PDT by etcb
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To: jim_trent

To dispose of the body when there are no funds.


22 posted on 10/22/2013 2:34:22 PM PDT by Domangart
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To: EQAndyBuzz

Bwahahahahahahahahahaaaaaaaaaaaaaaaaaaaaa. Thud.

Not sorry.


23 posted on 10/22/2013 2:36:26 PM PDT by hal ogen (First Amendment or Reeducation Camp?)
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To: Springman; cyclotic; netmilsmom; RatsDawg; PGalt; FreedomHammer; queenkathy; madison10; ...
I'm a little slow on the pings today. I've apparently got Cholera or the Hanta virus or something.

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Michigan legislative action thread

Well I guess that's one way to bring the Obamacare numbers up.
24 posted on 10/22/2013 2:50:03 PM PDT by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: EGPWS
I think I will cancel my Michigan vacation planned for this year...

Why? Were you planning on a Detroit vacation?
25 posted on 10/22/2013 2:51:14 PM PDT by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: jim_trent

To ensure you keep voting ;-)


26 posted on 10/22/2013 2:55:10 PM PDT by Squawk 8888 (I'd give up chocolate but I'm no quitter)
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To: SteveH
Detroit Scraps Benefits for City Pensioners, Puts Them into ACA Exchange

They voted for it and now they are going to get it.

I find it funny.

And then I remember how Detroit used to be and I get mad.

27 posted on 10/22/2013 2:57:33 PM PDT by Harmless Teddy Bear (Proud Infidel, Gun Nut, Religious Fanatic and Freedom Fiend)
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To: Harmless Teddy Bear

Good!


28 posted on 10/22/2013 2:59:48 PM PDT by sport
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To: SteveH

HA HA HA!!!!!!!!!!!!!!!!!!!!!


29 posted on 10/22/2013 3:00:48 PM PDT by Mr. K (Lies, Damned Lies, Statistics, and then Democrat Talking Points.)
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To: cripplecreek

Nah, actually I’m going in for a bionic hip replacement next week here in GA.


30 posted on 10/22/2013 3:02:44 PM PDT by EGPWS (Trust in God, question everyone else)
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To: EGPWS

If you want to take a vacation in Michigan, make it rural.


31 posted on 10/22/2013 3:04:35 PM PDT by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: SteveH

I can hear the wailing now...”But, I was always a good Democrat; I volunteered and donated, helped with stuffin’ the votes in the back room of the union hall, and even beat up on some Tea partiers! Now you’re gonna put me on the serf plan instead of the congress plan? You can’t do that!”


32 posted on 10/22/2013 3:20:30 PM PDT by JimRed (Excise the cancer before it kills us; feed & water the Tree of Liberty! TERM LIMITS NOW & FOREVER!)
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To: Venturer
That is almost as insulting as Social Security paying out $250 dollars for a burial.

$255, IIRC.

33 posted on 10/22/2013 3:22:00 PM PDT by JimRed (Excise the cancer before it kills us; feed & water the Tree of Liberty! TERM LIMITS NOW & FOREVER!)
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To: jim_trent

“Why should Social Security pay anything for a funeral?”

Why should taxpayers pay anything for useless, fat-ass government bureaucrats?


34 posted on 10/22/2013 4:36:01 PM PDT by sergeantdave
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To: cripplecreek
I've apparently got Cholera or the Hanta virus or something.

No treatment for you, 'creek. Obamacare operatives know you are a ping list operator on the terrorist website. You're a prime death-panel belt notch for some faceless bureaucrat, after the IRS loots your belongings. Adios, bro. / some sarcasm

35 posted on 10/22/2013 5:00:11 PM PDT by PGalt
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To: sergeantdave; All
Why should taxpayers pay anything for useless, fat-ass government bureaucrats?

BUMP!

DISMANTLE/DEFUND the leviathan.

He has erected a multitude of New Offices, and sent hither swarms of Officers to harrass our people, and eat out their substance.

--That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.

36 posted on 10/22/2013 5:08:30 PM PDT by PGalt
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To: PGalt
I don't get truly sick very often but when I do it puts me down hard. Thank God for good neighbors who knew I was sick and came over and installed a couple of winders for me. I've got two more to put in but I don't have an 8 foot hole in my wall.

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37 posted on 10/22/2013 5:21:33 PM PDT by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: cripplecreek
I don't get truly sick very often but when I do it puts me down hard.

Same here, 'creek. I do hope that your recovery is complete. (I despise being sick)

38 posted on 10/22/2013 5:36:18 PM PDT by PGalt
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To: PGalt

The fever broke an hour or so ago and its like magic. I’ve still got the congestion and cough but no more fever, chills and aches.


39 posted on 10/22/2013 5:39:20 PM PDT by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: GeronL

make all of America subsidize them?<<

Yup!...The 53% of us that are left...That still pay taxes..


40 posted on 10/22/2013 6:14:28 PM PDT by M-cubed
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