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Government to end early retiree reinsurance program
Modern Healthcare

The federal government is retiring its reinsurance funding program for early retirees, effective May 5.

The $5 billion Early Retiree Reinsurance Program, part of the Affordable Care Act, offers a subsidy to employers to help offset medical costs of retirees between ages 55 and 64, their spouses and dependents.

The program has paid out nearly $1.8 billion in reimbursements to more than 1,300 employers in all 50 states, according to a new report by the CMS.