I & I
The ballots are (mostly) in, and it looks like America will have a divided government for the next two years. A Republican-controlled House may not amount to the envisioned “red tsunami,” but with a shift in power comes new lawmakers keen on revisiting the mistakes of the previous Congress. One such mistake was the Postal Service Reform Act of 2022, which passed the buck on the U.S. Postal Service’s (USPS) gargantuan liabilities and set the stage for a massive taxpayer bailout in the future.
Now, it’s up to lawmakers to axe this harmful “reform” law and steer the troubled agency back into the black. Americans deserve a fiscally stable mail carrier that can deliver without breaking the bank.
Having lost more than $100 billion over the past 15 years (including $4.4 billion in 2022), the USPS is in dire fiscal straits. Unfortunately, the “reform” legislation passed earlier this year made postal problems harder to fix and even hoodwinked some center-right think-tanks and advocacy groups. Signed into law in April, the bill changed plenty about the way the agency operates.
The most widely discussed change is the “integration” of USPS retiree health benefits into Medicare. The legislation splits the existing Federal Employees Health Benefits (FEHB) program, which covers about 8 million federal and postal workers, retirees, and family members, into two. Out of this divorce will emerge a new general FEHB and a separate Postal Service Health Benefits (PSHB) Program linked financially to the Medicare program. If the law stays on the books, virtually all USPS employees will eventually be covered by Medicare, absolving America’s mail carrier of considerable health care costs. MORE