Posted by
TheRationalRight on Friday, October 24, 2008 10:39:20 PM
Obama’s health insurance proposal sounds familiar. Now, I admit that this happened before my time, but I’ve heard stories from some of the "old-timers" at my company about a similar situation. Years ago, the company decided that they would discontinue health benefits for retiring employees.
Why did the company decide to eliminate retirees’ health benefits?
Because the federal government guaranteed that everyone would be covered under Medicare, and spending extra money on employee benefits was viewed as a waste.
Why were people upset about it?
Because they knew that private insurance was superior to the federal bureaucracy to which they would be subjected.
What can we expect if Obama decrees that all residents of the U. S. shall be eligible for insurance under a federal program?
See answer to the first question.