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Secretary Locke Statement on New Affordable Care Act Reinsurance Program's Benefits for Employers

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The U.S. Department of Health and Human Services issued regulations establishing the Early Retiree Reinsurance Program in the Affordable Care Act. The new law provides $5 billion in financial assistance to employers to help them maintain coverage for early retirees age 55 and older who are not yet eligible for Medicare. Employers can use the savings to either reduce their own health care costs, provide premium relief to their workers and families, or a combination of both. (More) (White House blog) (Fact sheet)

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