Now I know why the unions are supporting health care nationalization so strongly. The health care “reform” bill includes a $10 billion payoff for the unions:
Antilabor forces say it’s welfare for the UAW and Democrats’ union allies. Labor supporters say it falls short of what’s needed as tens of thousands of union members are pushed into early retirement as employers cut back health care coverage.
They’re both talking about 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.
It would see the government — at least temporarily — pay 80 cents on the dollar to corporate and union insurance plans for claims between $15,000 and $90,000 for retirees age 55 to 64.
Unions fail to fund their pension obligations properly, and the taxpayer picks up the difference. And that’s after we just gave them two car companies. Nice.
For an extra dose of chutzpah, some say $10 billion isn’t enough:
“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.”
(Via Hot Air.)