One Thin Slice
As many as 1.5 million to 2 million retirees could lose the drug benefits provided by their former employer because of the tax changes, according to a study by the Moran Company, a health care consulting firm.
That means those people will flop over to Medicare for prescriptions. The feds say that will save 4.5 Billion in tax payouts to corporations as a result of closing this “loop hole” (which should have not been opened to start with).
They expect to pay for health care from this one little action.
However the feds fail to mention that savings will be lost or spent on the same people when they join Medicare. It will cost even more! The 4.5 billion in savings was only 28% of the real cost those corporations spent.
Now the federal gov will be paying 100% of the prescriptions instead of 28%. This is stupid.
Additionally can the BHO health care system handle that increase in labor costs? You are talking (for retired prescription customers only) almost 2 million people to administer services to. I see frustration and failure all around.
This is just prescription drugs, for retired people with corporate pensions. This is one little slice of the mess.