How OPM will pull this off is worth watching. Is OPM simply going to cut checks, akin to "cashing out" fringe benefits and increasing wages? Or will OPM cover 75% of the cost of the ObamaCare plan the worker chooses—which could well be costlier than what the feds now contribute via current FEHBP plans? In any case the carve-out for Congress creates a two-tier exchange system, one for the great unwashed and another for the politically connected.
A quick look at the
total premium for self-only coverage in federal employee plans shows that they're generally higher than most of the
total premiums for self-only coverage in DC's exchange.
So the idea that's cheaper to pay for 75% of an FEHBP plan than it is to pay for 75% of a D.C. Health Link plan is just silly.
This latest White House night at the improv is also illegal. OPM has no authority to pay for insurance plans that lack FEHBP contracts, nor does the Affordable Care Act permit either exchange contributions or a unilateral bump in congressional pay in return for less overall compensation.
Quoth the ACA: "the Federal Government [that would be OPM, as they're the ones responsible for managing federal benefits]
may make available to Members of Congress and congressional staff with respect to their service as a Member of Congress or congressional staff shall be health plans that are...offered through an Exchange established under this Act (or an amendment made by this Act)."
They have to choose from exchange plans but those still function as plans made available by OPM with respect to employment.
........and to think you had the balls to make me out to be some kind of Grinch becasue I have a Cadillac plan and was concerned that my costs would rise....
Your concern is that you'll have to pay for the costs of your plan, not that they'll rise. I agree that would be unfortunate for you.