Finally! Detroit retirees have some sense of security with their healthcare insurance.
Detroit has reached an agreement in a dispute over health insurance for retirees.
The deal announced Friday by mediators likely ends a lawsuit by retirees. No details were immediately released but are expected later Friday. A court hearing set for next week has been canceled.
Detroit is trying to fix its finances in bankruptcy. The city last year had proposed shifting some retirees to Medicare and giving a monthly stipend to retirees under age 65 to buy their own insurance.
The mediators say a deal was reached Thursday night.