Obamacare’s early retiree slush fund

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.

3 replies
  1. steve418r
    steve418r says:

    I am sure there aren’t any surprises here. The only people that believe the things that politicians tell us are the very people that will benefit the most from the program they are trying to sell us.
    During the time it took to shove this bill of goods down our throats a lot of us saw it coming. It is all about creating more taxtakers and citizens that are dependent upon government for things they need. As? country, I think we are in deep do do.

  2. weregettinghosed
    weregettinghosed says:

    Get a government job, you hit the lottery, a fine comparison. I know a couple of state workers, one from NY and one from CT, the NY;er has to retain a NY resident or they lose much of the benefit package including a pension; the CT retiree, is happily living a great retirement, and if he chooses to move, the pension follows. So when you play the lottery, make sure you play, or work in the right state. CT is the gift that just keeps giving,,,,, unless you are the taxpayer then it just keeps taking.

  3. Dimsdale
    Dimsdale says:

    Hmmmm.? The only people that I know that can retire at 55 are public sector workers and lottery winners. ? Could there be a connection?

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