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Ways and Means Committee Chairman Clarifies Congressional Intent on Medicare Subsidy
Human Capital Advisory Services 
Jan. 27, 2004
Excerpt: Employers that shift too much of the cost of their retiree prescription drug benefit to retirees will not be eligible for the 28 percent subsidy enacted as part of the Medicare Prescription Drug, Improvement and Modernization Act (P.L. 108-173), according to House Ways and Means Committee Chairman Bill Thomas (R-CA).
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