But I have to admit, those words uttered by ms Pelosi are now coming true and a spoon full of sugar is not going to help getting this pill down....
from the Boston Business Journal
Massachusetts companies, non-profit organizations and municipalities will reap million of dollars in reimbursements from the federal government to cover health care costs for early retirees who are too young to qualify for Medicare. The so-called Early Retiree Reinsurance Program, which was a provision in the federal health care reform law, provides $5 billion in financial assistance to employers across the country over the next three years. So far, 77 Massachusetts employers have made the list of eligible health plans. The program is designed to blunt the financial burden of high-cost retirees and their families, by reimbursing employers 80 percent of the costs from $15,000 to $90,000 for each eligible retiree.
The city of Boston will save an estimated $9.2 million in the first year of the program, according to Meredith Weenick, assistant director of administration and finance for the city.
“We plan to use the money to reduce the increase in premium costs, both for the city and retirees,” Weenick said. The program is first come, first served, and employers must submit the actual claims before they are reimbursed by the federal government. Weenick said that looking at the basic math, there may not be money left in the program for the third year.