Obamacare imposed a hefty tax on covering retired people like my wife and I. But only if the company continued to provide the healthcare.
At the same time in the Obama care bill, they made it completely legal for the company to cease providing the healthcare coverage.
This then left us (millions of retired people and there dependents) with no legal remedy for losing our retirement benefits earned through years of work.
The company was done a great service, given this opportunity to legally escape from the obligation.
I just met with a group of people, retired from several companies, that took advantage of the ObamaCare incentive to terminate their coverage.
It appears very grim, we have no recourse. The Congress made it legal, tough shit. Thanks Obama!
I asked my representatives if they actually thought the tax would provide revenue to cover you guys that taut this fiasco. But they refused to answer, to a man
they said it was Constitutional! All three had the same bloody odd answer.
Well we know it was not intended to raise revenue, it was intended as a reward to the insurance companies, another huge pool of people now needing to purchase their insurance instead of us getting it as compensation for services rendered. Mostly from former employers that are self insured.