Watch Stu Varney get all conspiratorial with Megyn Kelly over the early retirement health care reinsurance provisions in the Affordable Care Act and laugh.
In classic Varney-esque fashion, he tries to paint it as some secret government subsidy for unions and other left-wing organizations, completely ignoring the fact that some of his own conservative heroes have availed themselves of it much because -- wait for it -- it's a reinsurance provision, easing some of the burdensome costs for corporations who maintain health insurance on early retirees between age 55 and 65. Here's an easily accessible fact sheet published by the White House which would have helped Stu not to look like a raving idiot on TV yesterday morning.
Even the Republico Politico did a better job of it than Megyn and Stu, and he surely could've put a call into Koch Industries. They were approved for the program last year so they can save a few extra bucks at taxpayer expense, too. Horrors. Obamacare doing something good for Koch Industries. Perish the thought.
The ERRP program has provided more than 1,300 employers with nearly $1.8 billion in reimbursements to help ensure access to health benefits for early retirees, according to the CMS memo.
If Stu can't be bothered to check any facts before he spews, why should we trust anything he reports on business?
