$5B in aid to help pay for retiree insurance

USA Today reports:

Companies will get $5 billion from the U.S. government to help pay for retiree health insurance, a benefit of the new health care law that will offset some of the costs to be paid by employers.

President Obama spoke about the program Tuesday before the Business Council. Companies will be able to start tapping the funds June 1. The money is meant for early retirees older than 55 who aren't eligible yet for Medicare, the federal government's health plan for those 65 and older, according to a White House fact sheet describing the program.