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7/14/2004

More Evidence of Medicare Perfidy

3.8 million retirees will lose their private prescription drug coverage when the Medicare prescription drug benefit kicks in, according to a new Department of Health and Human Services study. My favorite quote:

Still, Republican supporters of the new law and many employers said it would help stabilize retiree health benefits. "Rather than worsening the situation, it works to stop the trend of employers' dropping retiree coverage,'' said Representative Bill Thomas, Republican of California, one of the principal architects of the law.
Of course it will: over a third of retirees will lose their benefits immediately. There won't be a trend, there will be a spike - a downward spike.

Other Medicare Posts: propaganda, incompetence, impossibility, backstab.

 

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