Task 1.13.5 of 5
Regional economic adjustment grants for insurer-headquarters cities (Hartford, Minnetonka, Louisville, Indianapolis, St. Louis).
Who does it
Commerce EDA
When
Year 1–4
Trade-off
Regional grants cushion insurer-headquarters cities but direct money to a few places while other displaced workers are spread nationwide.
Part of: Launch the displaced-worker program
About 975,261 workers in insurance, billing, brokerage, PBMs, and related jobs will lose them over four years. The program pays wage replacement, wage insurance, training, and bridge pensions, and gives hiring preference at UHA and in health care.
This step changes 1 existing laws, programs, or institutions. See the list.