Will Obamacare Bail Out Cities?

When Rahm Emanuel was Barack Obama’s Chief of Staff, little did he know he’d be helping craft a law that would help him as the future Mayor of Chicago. Many American cities failed to put away enough money for current and former government workers.  Rahm Emanuel and powerful Democratic Party interest groups would like the federal government to bailout their pensioners. While the unions are less shy about looting federal taxpayers, Emanuel is working hard getting federal help.

Emanuel needs to cut costs immediately to prevent more downgrades from the bond rating agencies.  One of Emanuel’s creative financial techniques involves the use of Obamacare as way of pushing some financial costs from the city of Chicago budget onto the federal government.  Many retired workers don’t like or want Obamacare.  The Chicago Sun Times reports :

Chicago’s 30,000 retired city employees are trying to stop Mayor Rahm Emanuel from saving $108.7 million — by phasing out the city’s 55 percent subsidy for retiree health care and foisting Obamacare on them.

One week after an unprecedented, triple-drop in Chicago’s bond rating, retirees have filed a class-action lawsuit against the city and its four employee pension funds that threatens to make the financial crisis even worse.

The suit argues that the Illinois Constitution guarantees that municipal pension membership benefits are an “enforceable contractual relationship which may not be diminished or impaired.”

Chicago’s retired workers aren’t the only individuals unhappy with Obamacare.  IRS workers don't want Obamacare but likely will find they can’t keep their current health insurance.  All of this is providing massive strains on the Blue Model coalition of government workers and the Democratic Party.  In Chicago, at least retired government workers can know who to blame for their change in health insurance if they lose their lawsuit. Mayor Rahm Emanuel not only was instrumental in getting Obamacare passed but now he’s dumping Obamacare on thousands of workers as Chicago’s Chief Executive.

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Facts about Obamacare

Every American should know certain facts about Obamacare. Obamacare or Affordable Care Act provides thousands of health care benefits to the people in their concerned regions; it helps to develop the health care system of the country. In most of the regions people were getting mixed reviews on Obamacare and I hope Obamacare is able to deal remove the negative signs of health care from our regions or from our health care policies.

Thanks on your marvelous

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Actually go a step further

Modify the law to allow any employeer to move their employees to the exchanges with any subsidy the employeers desire. It would reduce the HR costs of the employeer, as there would no longer be any work involved in deciding and negotiating on a health plan. Over time everyone would migrate to the exchanges. You would then eliminate the penalty for not providing insurance. Essentially this is the equivalent of the Wyden Bennett model of moving everyone on the the Federal Employees Health Plan, which was not allowed to be voted on the in the Senate.

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