So ... Chicago made a mess of its benefit program which has helped to drive the city to the brink of insolvency. Emanuel has found a solution to the problem of retiree health insurance, though ...
... Rahm Emanuel, who decided that the city was through with paying for healthcare benefits on behalf of about 30,000 retired government workers.
“Once the phaseout is complete,” reported the Chicago Tribune, “those retired workers would have to pay for their own health insurance or get subsidies under the [Obamacare.] The city-subsidized coverage is particularly important to retired workers who aren't yet eligible for Medicare, as opposed to those 65 or older who use the subsidies for Medicare supplemental insurance.”
The 30,000 retired workers will either pay for their health insurance individually, says the city, or they can move their healthcare over to Obamacare and receive a federal government subsidy along the way, in addition to paying an out of pocket premium. The proposal will save Chicago $109 million next year.
How convenient that Obamacare is there to take up the slack, and "forgive" Chicago for one of its poor fiscal choices.