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Cylinsier
Master
Joined: 29 Sep 2008
Posts: 13229
Location: Oh shi-
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 Posted: Sun Mar 28, 2010 9:48 pm Post subject: |
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Bull. I'll repost what was said in the other thread about this:
| Quote: | | The 'benefit' that these companies were getting is part of Medicare D, a poorly constructed program that was instituted under the Bush administration. Under medicare D, companies received subsidies from the government for providing Rx plans to medicare eligible employees that are at least as good as private (direct to consumer) medicare D plans. In the vast majority of cases, these were plans already in place for most employees anyway, and was part of standard employee benefit packages. So the 'subsidy' was a giant corporate hand-out from day 1. The fact that it is being taken away is a victory for common sense. |
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pap
Understudy
Joined: 23 Nov 2009
Posts: 538
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| Posted: Mon Mar 29, 2010 9:00 am Post subject: |
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| Cylinsier wrote: | Bull. I'll repost what was said in the other thread about this:
| Quote: | | The 'benefit' that these companies were getting is part of Medicare D, a poorly constructed program that was instituted under the Bush administration. Under medicare D, companies received subsidies from the government for providing Rx plans to medicare eligible employees that are at least as good as private (direct to consumer) medicare D plans. In the vast majority of cases, these were plans already in place for most employees anyway, and was part of standard employee benefit packages. So the 'subsidy' was a giant corporate hand-out from day 1. The fact that it is being taken away is a victory for common sense. |
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I knew that. Apparently others here did not. |
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