The following article appeared in the Providence Journal on February 6, 2012:
A judge’s misunderstanding of Medicare
February 6, 2012
Judge Sarah Taft-Carter’s decision to freeze the City of Providence’s plan to move retired police and firefighters into Medicare is counter to the interest of both taxpayers and retired police and firefighters.
There is a significant movement among private sector employers to shed retiree health care obligations by moving retirees to the market for individual policies. Employers may or may not provide funds for them to purchase insurance policies on their own. This approach is labeled the “Medicare Exchange” model and there are several companies that specialize in facilitating this process.