The ObamaCare Blue-City Bailout – Wall Street Journal

The ObamaCare Blue-City Bailout – Wall Street Journal

Rahm Emanuel dumped Chicago's retirees onto the nascent ObamaCare exchanges, where federal subsidies can reduce premium payments. Voilà, Chicago’s $2.1 billion unfunded retiree healthcare liability vanished. Now U.S. taxpayers pick up the tab for Chicago’s retirees in their 50s and early 60s. Chicago isn’t alone in trying this neat fiscal trick.