Report: $5B early-retiree health care fund to go broke in 2012

10/31/2011 | Wall Street Journal, The

A $5 billion fund to subsidize health-care costs for retirees was supposed to last through the end of 2013, but will run dry in September 2012, a Government Accountability Office report says. The money, set aside as part of the federal health care law, reimburses employers for some health care claims by early retirees who aren't yet eligible for Medicare. About 6,000 employers are signed up for the program.

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