Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The American Benefits Council released a new report prepared by a former White House Office of Management and Budget (OMB) official that shows how a proposed revenue provision within the health care reform legislation threatens existing retiree health programs.

The provision, which is contained in both the House and Senate bills, would reverse a carefully negotiated element of the Medicare Modernization Act by reducing allowable deductions for the 28 percent subsidy that employers receive for providing drug coverage for retirees, the American Benefit Council stated in a press release. Congress enacted the policy in 2003 to allow employers to maintain such coverage and to save the government money on Medicare expenditures.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?



Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.