Retiree health benefits threatened | The Columbus Dispatch

Full story: Columbus Dispatch

The health-care overhaul will cost U.S. companies as much as $14billion this year and make them more likely to drop prescription-drug coverage for retirees because of a change in how the government subsidizes those benefits.

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Economist

Hilliard, OH

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#1
Mar 26, 2010
 
As understood, the 2003 prescription drug law encouraged employers to provide retiree's with prescription medications benefits AND for employers who did so, federal taxpayers, on average, would subsidize (give) the participating employer's $665 per retiree year per - and the employer was allowed to deduct this subsidy from taxable income.

Say what?

The recently passed health care insurance reform law takes away the employer's right to deduct the federal taxpayer subsidy from taxable income, thus employer's may deem their inability to deduct the taxpayers' gift a tax increase.

Stated another way, example: Taxpayer's give me $665 toward purchase of prescriptions for each of my retired employee's; in total this benefit cost's me $1,000 and I get to deduct the full $1,000 from taxable income even though I only spent $335 "out-of-pocket".

Go figure. Confuses the hell out of me.

Tell me again why our great nation has an unsustainable budget deficit and national debt?
Terp

United States

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#2
Mar 26, 2010
 
Economist wrote:
As understood, the 2003 prescription drug law encouraged employers to provide retiree's with prescription medications benefits AND for employers who did so, federal taxpayers, on average, would subsidize (give) the participating employer's $665 per retiree year per - and the employer was allowed to deduct this subsidy from taxable income.
Say what?
The recently passed health care insurance reform law takes away the employer's right to deduct the federal taxpayer subsidy from taxable income, thus employer's may deem their inability to deduct the taxpayers' gift a tax increase.
Stated another way, example: Taxpayer's give me $665 toward purchase of prescriptions for each of my retired employee's; in total this benefit cost's me $1,000 and I get to deduct the full $1,000 from taxable income even though I only spent $335 "out-of-pocket".
Go figure. Confuses the hell out of me.
Tell me again why our great nation has an unsustainable budget deficit and national debt?
Glad that you could 'splain it better than did the article.
Joe

United States

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#3
Mar 26, 2010
 
And you thought Obama and his friends cared about retirees? Enjoy the government-sponsored euthanasia.
UAW worker

Windermere, FL

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#4
Mar 26, 2010
 
Before its done all corporations will drop health care forcing enrollment into Obama care. That is known as the Public Option that the dems could not get the first go around. This is only the beginning.
Boochebear

Plain City, OH

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#6
Mar 26, 2010
 
As a senior, not only didn't I get anything from this horrid bill, but now I will lose my prescription drug benefits. I guess the gov't could care less if I now have to get Medicare Part D. Believe me folks, this is just the beginning. There are loads of things our wonderful government didn't tell us in order to sell this bill.
tip

United States

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#7
Mar 26, 2010
 
Hope none of you are or care about anyone 65 or older....

As in other countries with nationalized healthcare, we in the US are being prepared for discrimination in treatment of the elderly when it comes to healthcare.

Ezekiel Emanuel is director of the Clinical Bioethics Department at the U.S. National Institutes of Health and an architect of Obama's healthcare-reform plan.(He is also the brother of Rahm Emanuel, Obama's Puppeteer...er, um, White House Chief of Staff). Foster Friess reports that Ezekiel Emanuel has written that health services should not be guaranteed to:

"Individuals who are irreversibly prevented from being or becoming participating citizens."

An obvious example is not guaranteeing health services to patients with dementia (Read: Alzheimer's and other age-related dementia).

An even more troubling article, co-authored by Emanuel, appeared in the medical journal, The Lancet (Jan 2009). The authors write that,
unlike allocation [of healthcare] by sex or by race, ALLOCATION BY AGE IS NOT INVIDIOUS DISCRIMINATION; every person lives through different life stages rather than being a single age. Even if 25-yr-olds receive priority over 65-yr-olds, everyone who is 65 years now was previously 25 years (Read: You had your day in the sun, seniors -- it's over now).

According to them.....treating 65-year-olds differently because of stereotypes or falsehoods would be ageist; treating them differently because they have already had more life-years is not.

SCARY STUFF, folks.
Screwed Senior

United States

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#8
Mar 26, 2010
 
Obama took our votes and turned his back on us. I worked all those years and am losing my prescription benefits. That's not what he promised.
END OF TIMES

Columbus, OH

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#9
Mar 26, 2010
 
THIS IS BULLSHIT! WHY IS OBAMA EXEMPT FROM THIS HEALTH CARE PLAN? WHY IS THIS SHIT BEING FORCED DOWN OUR THROATS? THE MAJORITY OF THE PEOPLE DO NOT WANT THIS. THIS SOUNDS LIKE THE ANTI CHRIST, THE BEGINNING OF THE END. PRETTY SOON, HE WILL MAKE EVERYONE TAKE THE MARK. DON'T DO IT FOLKS.
Obama is a failure

Columbus, OH

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#10
Mar 26, 2010
 
Screwed Senior wrote:
Obama took our votes and turned his back on us. I worked all those years and am losing my prescription benefits. That's not what he promised.
YOU DESERVE IT FOR VOTING FOR HIM. McCain would have had your back as he was a senior as well. I can not believe how STUPID Americans can be.
Will Burns

Wesley Chapel, FL

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#11
Mar 26, 2010
 
Screwed Senior wrote:
Obama took our votes and turned his back on us. I worked all those years and am losing my prescription benefits. That's not what he promised.
You are a senior citizen and yet you're surprised a Stalinist didn't tell the truth?

I bet you still believe in the tooth fairy too.
Policy Nerd

Hilliard, OH

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#12
Mar 26, 2010
 
Screwed Senior wrote:
Obama took our votes and turned his back on us. I worked all those years and am losing my prescription benefits. That's not what he promised.
The new law closes the so-called prescriptions donut hole and future tweaks will allow you to re-import American made medicines and pay less for them.

Millions of your fellow countrymen worked all those years and have lost much more than prescription benefits.
American Patriot

Hilliard, OH

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#13
Mar 26, 2010
 

Judged:

2

1

1

Obama is a failure wrote:
<quoted text>
YOU DESERVE IT FOR VOTING FOR HIM. McCain would have had your back as he was a senior as well. I can not believe how STUPID Americans can be.
Senator McCain lost to President Obama when he showed incredibly poor judgement in his choice for vice president.
tip

United States

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#14
Mar 26, 2010
 

Judged:

1

1

1

American Patriot wrote:
<quoted text>
Senator McCain lost to President Obama when he showed incredibly poor judgement in his choice for vice president.
McCain didn't stand a chance against the corrupt Obama machine from Chicago, capable even of crushing the established Clinton machine.

Come 2012, however, the GOP could run a congressional aide and win.
George

Columbus, OH

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#16
Mar 27, 2010
 
Screwed Senior wrote:
Obama took our votes and turned his back on us. I worked all those years and am losing my prescription benefits. That's not what he promised.
Turned his back?..How? This is was a legacy of Bush's Prescription Drug benefit. The billions he gave in corporate welfare....Lets see how much other companies's welfare was when they file their 10-K , they got the retiree drug subsidy and then wrote it off their taxes?...3 billion and counting.$14 billion at least. You haven't lost anything. Other people may but you haven't.
George

Columbus, OH

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#17
Mar 27, 2010
 
tip wrote:
Hope none of you are or care about anyone 65 or older....
As in other countries with nationalized healthcare, we in the US are being prepared for discrimination in treatment of the elderly when it comes to healthcare.
Ezekiel Emanuel is director of the Clinical Bioethics Department at the U.S. National Institutes of Health and an architect of Obama's healthcare-reform plan.(He is also the brother of Rahm Emanuel, Obama's Puppeteer...er, um, White House Chief of Staff). Foster Friess reports that Ezekiel Emanuel has written that health services should not be guaranteed to:
"Individuals who are irreversibly prevented from being or becoming participating citizens."
An obvious example is not guaranteeing health services to patients with dementia (Read: Alzheimer's and other age-related dementia).
An even more troubling article, co-authored by Emanuel, appeared in the medical journal, The Lancet (Jan 2009). The authors write that,
unlike allocation [of healthcare] by sex or by race, ALLOCATION BY AGE IS NOT INVIDIOUS DISCRIMINATION; every person lives through different life stages rather than being a single age. Even if 25-yr-olds receive priority over 65-yr-olds, everyone who is 65 years now was previously 25 years (Read: You had your day in the sun, seniors -- it's over now).
According to them.....treating 65-year-olds differently because of stereotypes or falsehoods would be ageist; treating them differently because they have already had more life-years is not.
SCARY STUFF, folks.
OK , now put the rest of the information with the article, instead of cherry picking the information.

Go to factcheck,org

They said Dr. Emanuel strenuously objects to this interpretation. "This is certainly untrue and a distortion of my record," he told FactCheck.org in a telephone interview. He said that his academic work is being taken completely out of context.

We agree that Emanuel’s meaning is being twisted. In one article, he was talking about a philosophical trend, and in another, he was writing about how to make the most ethical choices when forced to choose which patients get organ transplants or vaccines when supplies are limited.
George

Columbus, OH

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#18
Mar 27, 2010
 
tip wrote:
<quoted text>
McCain didn't stand a chance against the corrupt Obama machine from Chicago, capable even of crushing the established Clinton machine.
Come 2012, however, the GOP could run a congressional aide and win.
Don't count your chickens just yet. Especially if third party make a run at it
tip

United States

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#19
Mar 27, 2010
 
George wrote:
<quoted text>OK , now put the rest of the information with the article, instead of cherry picking the information.
Go to factcheck,org
They said Dr. Emanuel strenuously objects to this interpretation. "This is certainly untrue and a distortion of my record," he told FactCheck.org in a telephone interview. He said that his academic work is being taken completely out of context.
We agree that Emanuel’s meaning is being twisted. In one article, he was talking about a philosophical trend, and in another, he was writing about how to make the most ethical choices when forced to choose which patients get organ transplants or vaccines when supplies are limited.
Well, of course, he strenuously objects and pretends that his words were taken out of context. However, his carefully crafted Obamacare plan delineates his intentions perfectly. The proof, as they say, is in the pudding.
Good Riddance

United States

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#20
Mar 27, 2010
 
George wrote:
<quoted text> Don't count your chickens just yet. Especially if third party make a run at it
The opposition is galvanized. Democrat rule was short and bitter. Good riddance.

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