Shikha Dalmia in Bloomberg on How Obamacare Might Screw Detroit's Retirees
Detroit's union retirees are people too and they might get royally screwed by Obamacare. Starting Jan. 1, Kevin Orr, the emergency manager just announced, the city will stop paying for their health benefits. Instead, it'll hand retirees under age 65 a $125 monthly allowance to use to buy coverage from private plans from the exchange. Spouses and dependents won't get anything.
But Reason Foundation Senior Analyst Shikha Dalmia asks in Bloomberg View what happens if the exchanges aren't fixed before the city ends its coverage?
Go here to find out.