Detroit's emergency manager is considering replacing health insurance for retirees under 65 with a $125 stipend to buy coverage from exchanges set up under Obamacare.
Kevin Orr, who is running the city while it navigates bankruptcy, will decide this week whether to implement the plan, according to the Detroit Free Press. Retirees over 65 would move to Medicare. The city has about 20,000 retirees, with half under 65.
The report noted that it was unclear how much insurance the stipend would buy. It said the city would help retirees find the best plan to meet their needs.
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