Over the last 20 years corporate America has steadily reneged on its contractual agreement to provide healthcare to its retirees during their retirement. In 1992, There were over 36 million retires with some form of healthcare subsidy from their former employers. Now there are only 14.3 million ("voters?"). Headlines every month tell of healthy companies saying they will stop this earned benefit to their retired workers. AND it is totally legal due to the unfair court case in the 90's (Sprague V. GM). Retirees of these companies gave up pay increases, and days off for 30 or more years in exchange for the promise to receive heath benefits during retirement. HR1322 has no cost to Government. Taking away the retiree health subsidy adds to the Federal government budget of Medicare and Medicaid



