Which, even by modern (read: “Democratic party”) standards, is a fairly big number:
WASHINGTON — Antilabor forces say it’s welfare for the UAW and Democrats’ union allies. Labor supporters say it falls short of what’s needed as tens of thousands of union members are pushed into early retirement as employers cut back health care coverage.
They’re both talking about a $10-billion provision tucked deep inside thousands of pages of health care overhaul bills that could help the UAW’s retiree health-care plan and other union-backed plans.
It would see the government — at least temporarily — pay 80 cents on the dollar to corporate and union insurance plans for claims between $15,000 and $90,000 for retirees age 55 to 64.
These would be the (generous) health care plans that the UAW essentially extorted out of the auto industry. Also note that this is in addition to the percentage of the auto industries already traded to labor unions in exchange for assumption of obligations stemming from those health care plans. And now the expectation is that the unions will be able to pass along the costs of early retirees to the government – which is to say, you. Put another way: fully one percent of the health care rationing bill’s minimum final cost will go towards rewarding the UAW’s original health-care looting.
As Ed Morrissey notes: at least now you know why the unions have sent out their bully-boys.
Crossposted to Moe Lane.