For unions, billions of hidden pork in Obamacare

More surprises in the Affordable Health Care Act legislation - this one, so transparently set up to benefit Obama's union supporters that one wonders how we missed it earlier. IBD: According to a new Government Accountability Office report, the federal government has so far handed out $2.7 billion out of a $5 billion program squirreled away in ObamaCare. The Early Retiree Reinsurance Program is advertized as a way to "stabilize the availability of employer-sponsored coverage for early retirees," according to a Health and Human Services memo. The argument goes that companies are increasingly dropping retiree health benefits, leaving those who retire before becoming eligible for Medicare in a jam - either they face exorbitant rates for insurance or expose themselves to potentially catastrophic health costs. The little-noticed ObamaCare program was supposed to encourage companies to continue offering this benefit until 2014 - when ObamaCare fully kicks in and will solve everything - by...(Read Full Post)