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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.

Global Budgeting

A method of constraining costs wherein multiple providers are expected not to exceed a certain spending target (for example, the SGR), or where a provider…