A Second Opinion: Obamacare Early Retiree Reinsurance Program Folds

U.S. Sen. John Barrasso
U.S. Sen. John Barrasso

U.S. Sen. John Barrasso has taken to the floor of the U.S. Senate on a regular basis since the passing of the Obamacare health care bill.

On Friday December 9th, the Early Retiree Reinsurance Program was announced to be shutting down at the end of December. The announcement came from the Department of Health and Human Services.

Senator Barrasso says “it quickly became clear that the program was really intended to be a bailout for companies with a large number of union employees.”

Barrasso's comments on the floor of the Senate were based on two reports, one by U.S Sen. Mike Enzi, who released the report that he asked Government Accountability Office to conduct on the Early Retiree Reinsurance program implementation.

Barrasso accuses President Obama of implementing the program to “reward their political allies”, and that's why it ran out of money two years early.

The program was supposed to last until January 2014, and the DOHH reported December 9th that $4.5 million of the $5 million allocated had already been spent. Barrasso says this happened because union-affiliated organizations rushed to grab the taxpayer bailout.

The GAO report found that the Administration had not required these companies to disclose their earnings in order to get the early retiree funding.

Furthermore, it said that the administration had refused requests to review companies, and instead had given subsidies on a first come, first serve basis.

Eye Care of the Big Horns
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