Eye On Freedom – Keeping a watchful eye on the preservation of our liberty at home and freedom around the world

When will it end?!?!?!?!

The U.S. will reimburse about 2,000 company, union and government health plans for most costs of coverage provided to individuals who leave the workforce between the ages of 55 and 64, the Obama administration said today.

The $5 billion program will cover 80 percent of health costs, up to $90,000 per worker, according to a statement on the Web site HealthCare.gov. About half of the companies in the Fortune 500 sought funds, the administration said.

The program is part of the health care overhaul signed by U.S. President Barack Obama in March. It is designed to help companies get or expand coverage for employees who retire before age 65. Businesses led by financial services company Deutsche Bank Americas Holding Corp., beverage-seller PepsiCo Inc., drugmaker Pfizer Inc., communications provider AT&T Inc., air transport company Delta Airlines Inc., and carmaker General Motors LLC qualified for U.S. funds today.

Read more….

No related posts.