ACA Title I, Sec. 1102. Reinsurance for early retirees. “Ugly” – Unnecessary and unwise. This section provides federal authority to establish a national temporary re-insurance fund to handle excess individual loss claims between $15,000 and $90,000 for those over 55 and prior to Medicare coverage. Up to $5 Billion annually is authorized. This amounts to a slush fund that can be tapped by any health insurer that meets the requirements of the regulations. This seems to be a questionable use of federal tax dollars to cover a risk that is neither well documented, well understood or really needed. In addition I don’t think we want to be encouraging early retirement for anyone. Particularly for those under 65. Therefore, it’s my opinion that this provision is of limited practical value, contributes to the federal deficit ($16.4+ trillion) and thus fits clearly in the “Ugly” category and is likely to be justified by …”why not …it looks and sounds good on the surface.” This is another provision that needs to be repealed in my opinion.

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