The New York City Unions Whose Backdoor Deal Sold Out Retirees, Helped Insurance Industry

Link: https://www.newsweek.com/new-york-city-unions-whose-backdoor-deal-sold-out-retirees-helped-insurance-industry-1604661

Excerpt:

In recent years, leadership of some of the nation’s largest unions have publicly opposed single-payer health care proposals, angering their rank-and-file and forcing Democratic politicians who back single-payer to take on a key constituency.

In New York City, for example, the umbrella organization for the city’s public sector unions—the Municipal Labor Committee (MLC)—recently helped the health insurance industry block a statewide single-payer bill, on the grounds that their members wanted to keep the health care benefits for which they had sacrificed wage increases.

But it turns out that the MLC, which bargains for health care benefits for city unions, was also engaging in backdoor negotiations with the city, resulting in a proposal to switch nearly a quarter-million people from Medicare to privately administered Medicare Advantage plans.

…..

Following the 2018 cost-cutting agreement, union leaders and officials came up with eight proposals to meet the cost-cutting requirements, including switching to a statewide single-payer system or setting up a self-insurance system.

A January 2021 study by The New School found that the city could save about $1.6 billion per year if it adopted a self-insurance program, as most major cities and large companies have done. That would involve setting up a health insurance plan just for the city’s employees and paying for claims directly, rather than paying premiums to a health insurance company which tends to be more expensive because insurance company profit margins are so large.

But since the negotiations between the MLC and Office of Labor Relations were held behind closed doors, retirees don’t know whether this option was ever considered.

Author(s): JULIA ROCK, THE DAILY POSTER

Publication Date: 28 June 2021

Publication Site: Newsweek

Peter Meijer Proposes $2,400 Stimulus Checks under ‘DOGE’ Plan

Link: https://www.newsweek.com/peter-meijer-stimulus-package-doge-biden-michigan-1573963

Excerpt:

Republican congressman Peter Meijer has said that the American Rescue Plan is full of waste and has touted his own proposal to cut the price tag of the stimulus package in half while increasing payments to individuals.

The Michigan freshman representative has been pushing his own alternative to the $1.9.trillion relief package with his alternative Direct Dollars Over Government Excess, called the $DOGE Plan.

He told Fox Business that his proposal, whose title is a nod to the meme turned cryptocurrency, would put more money in the pockets of Americans and give less to individual states.

Author(s): Brendan Cole

Publication Date: 5 March 2021

Publication Site: Newsweek

COVID-19 Vaccine Developers Ask the SEC to Help Keep the Secret of How They Set Prices

Link: https://www.newsweek.com/covid-19-vaccine-developers-ask-sec-help-keep-secret-how-they-set-prices-1565904

Excerpt:

When the U.S. government awarded over $10 billion in contracts and advance- purchase commitments to drug companies working on COVID-19 vaccine and treatments, it did not require the recipients of government money to agree to offer their products at fair prices or share intellectual property rights to enable faster production.

Now, two of the companies awarded those contracts—Pfizer and Johnson & Johnson—are trying to prevent shareholders from voting on resolutions to require the companies to disclose information about the impact of government funding on vaccine access.

Author: Julia Rock

Publication Date: 1 February 2021

Publication Site: Newsweek