As Detroit enters the federal bankruptcy process, the city is proposing a controversial plan for paring some of the $5.7 billion it owes in retiree health costs: pushing many of those too young to qualify for Medicare out of city-run coverage and into the new insurance markets that will soon be operating under the Obama health care law.Officials say the plan would be part of a broader effort to save Detroit tens of millions of dollars in health costs each year, a major element in a restructuring package that must be approved by a bankruptcy judge. It is being watched closely by municipal leaders around the nation, many of whom complain of mounting, unsustainable prices for the health care promised to retired city workers. [...]
Say it ain’t so. Detroit feels that the answer to its bankruptcy problem lies in Obamacare. Why didn’t I think of it? The answer to Detroit’s failed experiment in social engineering courtesy of Progressives is to double down and destroy what little remains of Detroit via mandated social engineering.
Am I to understand that while Jack Lew said that no bailout for Detroit would be forthcoming, the Obama will bail Detroit out on the down low, i.e., Obamacare and while they’re at, sticking the rest of the country with the tab?