$5B Early Retirement Program Gets Early Start

By Ben James

Law360, New York (May 05, 2010, 4:38 PM ET) -- The Early Retirement Reinsurance Program, which provides $5 billion to help companies maintain health care coverage for retirees 55 and older who are not yet eligible for Medicare, will be launched June 1, three weeks before the start date required by the Patient Protection and Affordable Care Act.

Starting the program ahead of the June 21 start date envisioned in the PPACA, signed into law March 23, will allow more claims to qualify for reinsurance payments this year, according to the White House.

The program ends...
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