We have to pass the law to know what’s in it…..

And so it continues. Thank you Energy and Commerce for uncovering this little nuggett.

You, yes you you taxpaying citizen of the US of A….maybe you want to retire early? But you realize that would not be in your best interests because of the cost of insurance and that sort of thing.
Well – if and only if you get to be on the special Obama’s list of exceptions, he might actually help cover those costs with cash.
Sure, it’s your cash, but it’s gone through a wringer so you won’t recognize it as such. Instead it will be your cash plus other people’s cash that will help cover those costs so you can retire early.
But get your application in early because the 5 year plan with all that cash set aside is almost all spent so instead of applying through 2013, there is a cutoff now this May.

Well – maybe you can do all that. Are you on the list of exceptions? Examples would include unions. Big corporations who pay no tax. Government workers. of course. GM. of course again.

You. You there with the regular upper middle class job? Not you. You keep on working. And paying.

This link with the quote below also has the list of beneficiaries…..and the biggest one? UAW. Get back to work now.

People in the early retiree age group (i.e., ages 55 to 64) often face difficulties obtaining insurance in
the individual market because of age or chronic conditions that make coverage unaffordable or
inaccessible. The availability of group health insurance coverage for America’s retirees age 55 to 64
has declined significantly over the past 20 years, as the percentage of large firms providing workers
with retirement health coverage has dropped from 66 percent to 28 percent.1 The ERRP was designed
to stabilize this market by providing financial assistance to health plan sponsors that make coverage
available to millions of early retirees and their families – including for-profit companies, schools and
educational institutions, unions, State and local governments, religious organizations and other non-
profit plan sponsors. The ERRP assists both early retirees, and any active workers covered under the
same plan, by reimbursing participating plan sponsors that offer such benefits for a portion of the costs
of providing health coverage to retirees age 55 to 64 and their families. ERRP subsidizes 80 percent of
the actual cost of certain health expenses paid by the plan or by an early retiree or his/her enrolled
spouse, surviving spouse, or dependent between a cost threshold ($15,000) and cost limit ($90,000).
Costs reimbursed by ERRP include medical, surgical, hospital, behavioral health, prescription drug,
and other benefits similar to those covered by Medicare.

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