Saturday, September 13, 2014

Rahm Emanuel socks city retirees with 40 percent health insurance hike: increase that will cost most of the retirees between another $300 to $400 a month

The Chicago Sun-Times reports:
Mayor Rahm Emanuel on Friday dropped another financial bombshell on Chicago’s 25,000 retired city workers and their dependents: their monthly health insurance premiums will be going up by a whopping 40 percent — in spite of a pending lawsuit and a precedent-setting Illinois Supreme Court ruling.

Last year, Emanuel announced plans to save $108.7 million a year by phasing out the city’s 55 percent subsidy for retiree health care and forcing retirees to make the switch to Obamacare.

For the city, the Year One savings was $25 million. For retirees, that translated into an increase in monthly health insurance premiums in the 20 percent and 30 percent-range.

On Friday, city retirees and their dependents got hit again — only this time, even harder. The city notified them of a 30-percent to 40-percent increase that will cost most of the retirees between another $300 to $400 a month.
Rahm Emanuel, the man who "lobbied" members of Congress to pass ObamaCare as Obama's Chief of Staff, needs to dump retirees into ObamaCare so federal taxpayers can subsidize Chicago! Anyway, what better proof than this that Chicago is having major financial problems? Will Chicago be declaring Chapter 9 bankruptcy sooner than you think? It's not like we didn't warn you back in 2008. No word yet on this story from leftists at the New Republic who claim ObamaCare lowers health insurance premiums. Why do Chicago government workers , who are retired, want to go to court to prevent going into ObamaCare? We think you know the answer.