Thursday, January 08, 2004

Pants On Fire 3

Not long ago, President Bush told retirees that under his Medicare plan, corporations would not be excluding them from their current prescription drug coverage. A tax incentive was placed in the bill to encourage companies from dumping those covered by prescription drug plans.

However, the Wall Street Journal has noticed and reported the fine print in the new Medicare bill. It allows these same companies to severely reduce--to the point of making almost nonexistent--their retirees' drug coverage without losing the tax incentive. In other words, corporations will get rewarded for cutting retired people off from their insurance.

Your Congresspeople probably voted for this outrage. The AARP lobbied for it. It is a piece of unbelievable deception, but believe it--it is part of the bill.

The lies are many, and they are outrageous.

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