Trajan
conscientia mille testes
interesting. Huge Corps., and 6 of 10 of the recipients are Public sector Emp. Unions....
So, how is the helpful ala Obamacare, or bending the cost curve etc.?
Health Law Payments
10:16 am April 3, 2011, by Jamie Dupree
Facing questions from both parties in the Congress, the Obama Administration has now revealed how it has spent over $1.7 billion on part of the Obama health law, known as the Early Retiree Reinsurance Program.
This plan is intended to help companies pay the cost of health care for their early retirees, but lawmakers say it is wrongly benefiting companies like AT&T and General Electric, who have billions in profits on their bottom lines.
You might also notice as you go through this lengthy list, that some states which are currently suing the federal government over the Obama health law, are also getting money for their state retirement funds - Georgia, Virginia, Michigan, Pennsylvania, Arizona, South Dakota and Wyoming have money coming directly to their retiree programs (there are also other states getting money for public employee unions in their states.)
One other important note is that the $5 billion part of the Obama health law was supposed to last until 2014, when the health reform law takes full effect - but, at this rate, the early retiree program will run out of money much sooner - so the feds say they will stop taking applications for this money at the end of April.
more at-http://blogs.ajc.com/jamie-dupree-washington-insider/2011/04/03/health-law-payments/
Here is the list of unions, companies, state and local governments and other business entities who received money under the Obama health law for their early retiree reinsurance health programs:
United Auto Workers Retiree Medical Benefits Trust
206,798,086
AT&T, Inc.
140,022,949
Verizon Communications Inc.
91,702,538
Public Employees Retirement System of Ohio
70,557,764
Teacher Retirement System of Texas
68,074,118
Georgia Department of Community Health
57,936,127
California Public Employees' Retirement System (CalPERS)
57,834,267
State of New York
47,869,044
State of New Jersey Treasury Department, Pension Accounting Services Department
38,622,698
General Electric Company
36,607,818
Employees Retirement System of Texas
30,175,627
Commonwealth of Kentucky
29,666,516
South Carolina Budget & Control Board Employee Insurance Program
27,142,502
Commonwealth of Pennsylvania
24,522,631
State of Michigan Public School Employees Retirement System
22,620,604
State Teachers Retirement System of Ohio
20,334,357
State of Michigan
20,247,338
General Motors, LLC
19,002,669
The Boeing Company
18,759,499
I stopped counting at 40...the links contains the list,its huge.
So, how is the helpful ala Obamacare, or bending the cost curve etc.?
Health Law Payments
10:16 am April 3, 2011, by Jamie Dupree
Facing questions from both parties in the Congress, the Obama Administration has now revealed how it has spent over $1.7 billion on part of the Obama health law, known as the Early Retiree Reinsurance Program.
This plan is intended to help companies pay the cost of health care for their early retirees, but lawmakers say it is wrongly benefiting companies like AT&T and General Electric, who have billions in profits on their bottom lines.
You might also notice as you go through this lengthy list, that some states which are currently suing the federal government over the Obama health law, are also getting money for their state retirement funds - Georgia, Virginia, Michigan, Pennsylvania, Arizona, South Dakota and Wyoming have money coming directly to their retiree programs (there are also other states getting money for public employee unions in their states.)
One other important note is that the $5 billion part of the Obama health law was supposed to last until 2014, when the health reform law takes full effect - but, at this rate, the early retiree program will run out of money much sooner - so the feds say they will stop taking applications for this money at the end of April.
more at-http://blogs.ajc.com/jamie-dupree-washington-insider/2011/04/03/health-law-payments/
Here is the list of unions, companies, state and local governments and other business entities who received money under the Obama health law for their early retiree reinsurance health programs:
United Auto Workers Retiree Medical Benefits Trust
206,798,086
AT&T, Inc.
140,022,949
Verizon Communications Inc.
91,702,538
Public Employees Retirement System of Ohio
70,557,764
Teacher Retirement System of Texas
68,074,118
Georgia Department of Community Health
57,936,127
California Public Employees' Retirement System (CalPERS)
57,834,267
State of New York
47,869,044
State of New Jersey Treasury Department, Pension Accounting Services Department
38,622,698
General Electric Company
36,607,818
Employees Retirement System of Texas
30,175,627
Commonwealth of Kentucky
29,666,516
South Carolina Budget & Control Board Employee Insurance Program
27,142,502
Commonwealth of Pennsylvania
24,522,631
State of Michigan Public School Employees Retirement System
22,620,604
State Teachers Retirement System of Ohio
20,334,357
State of Michigan
20,247,338
General Motors, LLC
19,002,669
The Boeing Company
18,759,499
I stopped counting at 40...the links contains the list,its huge.
