Early Retiree Reinsurance Program

This is what Speaker Pelosi meant by having to pass the (health care) bill to find out what’s in it. Who knew that the ‘Affordable Health Care Act’ was going to have taxpayers paying the health insurance claims for labor union, corporations, and government union employees who choose to retire early? Before they are eligible for Medicare.

The program totals $5 billion and is supposed to last until January 1, 2014 when ‘State health insurance Exchanges’ are ‘up and running.’ But there’s a problem already. Over $2 billion has already been spent, and at this rate the program will be out of money sometime in 2012. Two years earlier than ‘planned.’

Are you feeling secure now that you know your health care will be managed by the government? Do you still believe that Obamacare will bring costs down, and make the quality of care go up? We already know that we can’t keep our plan if we want to, and that we won’t be able to keep our doctor if we want to.

At this point in time, payments to individual states are dwarfed by the payout to the auto workers union, which received more than the states of New York, California, and Texas combined.  Other unions also received government funds, including the United Food and Commercial Workers, the United Mine Workers, and the Teamsters.

Here’s a short list of government entities in our area that Obamacare is funding right now.
  • Escambia County Board of County Commissioners
  • Pensacola Junior College
  • The School District of Escambia County
  • County of Escambia
  • County of Santa Rosa Board of Public Instruction
  • Northwest Florida State College
  • Okaloosa County Board of County Commissioners

Nationwide list HERE.  State of Florida list HERE. And you can do a search by Zip Code HERE.

Links: Early Retiree Reinsurance Program (ERRP)New $2 billion bailout in Obamacare

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