Washington –The United Auto Workers is urging its members to back efforts in Congress to reform health care coverage, citing a provision that includes $10 billion to defray the medical costs of union members and others in retiree group health care associations.
….Section 164, a reinsurance program for retirees, according to a summary of the bill from House Speaker Nancy Pelosi’s office. It sets aside $10 billion to establish a temporary reinsurance program to provide reimbursement to participating employment-based plans for part of the cost of providing health benefits to retirees age 55-64 and their families. A Senate version has nearly identical language.
First Obama gave GM to the Unions, now we all get to pay for their healthcare. Hope and Change my friends, Obummer style.
