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Early Retiree Reinsurance Program (ERRP)

Created by the Affordable Care Act, a temporary program that provides reimbursement to employer sponsors of participating employment-based health plans for a portion of the cost of health coverage for early retirees and their families. This program expires in January of 2014.

Minimum Medical Loss Ratio for Insurers

Ratio of insurance expenditures used on care as opposed to administrative or other costs. Under ACA insurance companies are required to issue rebates to consumers…