tag:blogger.com,1999:blog-23816706.post8802590556928759141..comments2023-08-18T03:02:44.979-05:00Comments on Illinois Issues blog: House passes bill to cut COLAs on public pensionsIllinois Issues Statehouse bureauhttp://www.blogger.com/profile/17857188978913308313noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-23816706.post-4417892318960556212013-04-10T11:00:40.326-05:002013-04-10T11:00:40.326-05:00Yes, Illinois legislator certainly did do a lot to...Yes, Illinois legislator certainly did do a lot to harm those who are 65 and older and retired teachers.Thanks to them, when I called Coventry Insurance, my provider for health insurance via Teacher Retirement System, I learned that my monthly premiums for HMO coverage will INCREASE by $970 per month. That is nearly $12,000 per year!!<br /><br />No, to put things in perspective, please remember that because I cannot afford that cost, I will have NO insurance because I do not qualify for Medicare, so Obama Care will assess a fine on my of $750 next year that will increase up to $4,000 each year--all the while that my good old elected officials have decided to cap my cost of living increases to $750 per year for the rest of my life. <br /><br />It does not take a degree in match to realize the harmful effects on thousands of retirees, foreclosures, and homelessness.<br /><br />Imagine having a 30 year mortgage for $700 per month and learn that your lender has decided to increase the monthly payment by $970 per month whether it is a violation of the agreement or not.<br /><br />Anonymousnoreply@blogger.com