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GAO-10-732R 1 (2010-05-19)

handle is hein.gao/gaobadxay0001 and id is 1 raw text is: im T V WAccountability * Integrity * Reliability United States Government Accountability Office Washington, DC 20548 B-319681 May 19, 2010 The Honorable Tom Harkin Chairman The Honorable Michael B. Enzi Ranking Member Committee on Health, Education, Labor, and Pensions United States Senate The Honorable Henry A. Waxman Chairman The Honorable Joe Barton Ranking Member Committee on Energy and Commerce House of Representatives Subject: Department of Health and Human Services, Office of the Secretar: Early Retiree Reinsurance Program Pursuant to section 801(a)(2)(A) of title 5, United States Code, this is our report on a major rule promulgated by the Department of Health and Human Services (HHS), Office of the Secretary, entitled Early Retiree Reinsurance Program (RIN: 0991- AB64). We received the rule on May 4, 2010. It was published in the Federal Registeras an interim final rule with comment period on May 5, 2010, with an effective date of June 1, 2010. 75 Fed. Reg. 24,450. The interim final rule with comment period implements the Early Retiree Reinsurance Program, which was established by section 1102 of the Patient Protection and Affordable Care Act.' The program provides reimbursement to participating employment-based plans for a portion of the cost of health benefits for early retirees and their spouses, surviving spouses and dependents. HHS will reimburse plans for certain claims between $15,000 and $90,000 (with those amounts being indexed for plan years starting on or after October 1, 2011). According to HHS, the purpose of the reimbursement is to make health benefits more affordable for 1 Pub. L. No. 111-148, § 1102, 124 Stat. 119, 145 (Mar. 23, 2010). GAO-10-732R

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