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MADISON - Gov. Jim Doyle says more than
50 Wisconsin companies will receive funding under the national
health care reform law to continue providing insurance to retirees.
Doyle says employers ranging from
Foley and Lardner to Appleton Papers to Racine County have been
accepted for the Early Retiree Reinsurance Program.
The program is a temporary, $5
billion fund that aims to help employers maintain health benefits
for employees between ages 55 and 64 who have retired but do not yet
qualify for Medicare. The number of firms offering such coverage has
dropped significantly in recent years.
Doyle is urging other companies to
apply for the fund, noting the money is available on a first-come,
first-serve basis.
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