Detroit Shifts Retirees to Obamacare

Which means, to your tax bill

The federal government isn't among the creditors Detroit has turned to for mercy, but U.S. taxpayers will bear a large share of the cost of its restructuring.

High on emergency manager Kevyn Orr's to-do list: slash health care outlays for thousands of early retirees by shifting them to ObamaCare.

Detroit spent $177 million on health benefits for 19,000 retirees last year but figures it can cut that to $28 million-$40 million a year.

Part of the savings would come from paring supplemental coverage for retirees age 65 and older, most of whom already get Medicare.