Jim and I spoke about this earlier today, so, I thought you might like to know exactly where your tax dollars are going.
But, in case you missed it, here is the Early Retiree Reinsurance Program in a nut shell.
A piece of Obamacare “earmarked” $5 billion to “assist” companies, unions, and states pay a share of the cost that these entities pay to cover health benefits for their early retirees. An early retiree is defined as an employee who has reached the age of 55. No typo, there…55.
Here is some further information about the program.
And, if you scroll down in this link you will be able to learn what entities have received your money, and, in what amounts.
Sadly, though, although this $5 billion slush fund was suppossed to last until 2014, the program will stop taking applications as of May 6, 2011.