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Employee Retirement Income Security Act of 1974 (ERISA)

Legislation enacted in 1947 that protects workers from losing benefits that are provided through the workplace. The Act does not require employers to establish a benefit plan for employees but does include requirements for the plan when one is in place.

Medicaid Crowd-Out

When the availability of Medicaid hurts the market for other insurance products. Generally refers to Medicaid crowding out the long-term care insurance market.