$10 Billion for union retirees tucked in health care bill

[blue fluff]

"[T]he House version of health care that has made it out of committee has a $10 billion provision tucked into it that would largely work to back the VEBAs [Voluntary Employee Benefit Arrangements] up in case GM and Chrysler are never able to stand on their own -- or in case other high-wage, high-benefit companies, many of which are unionized, follow them into serious financial difficulty.

..... a $10-billion provision tucked deep inside thousands of pages of health care overhaul bills that could help the UAW's retiree health-care plan and other union-backed plans...

Greg Mourad of the National Right to Work Committee called it "a shameless case of political payback," saying Democrats and President Barack Obama are trying "to force the rest of us to pay billions to cover those unions' health care."

Labor advocates say even more funding may be needed.

"It is not enough money," said former U.S. Rep. David Bonior, a Mt. Clemens Democrat who chairs the board at Washington, D.C.-based American Rights at Work, a labor advocacy group. "That will have to be supplemented to fill the gap."

http://newsbusters.org/blogs/tom-bl...t-10-billion-union-health-care-subsidy-built-

http://www.freep.com/article/200908...-aimed-at-union-retirees&template=fullarticle

 

[Mafesto]

Yet further proof that unions have outlived their intended purpose.

 

[batman]

...and democrats.

 

[Gainster]

Dont bother to read the Bill just pass it so as they say