TITLE

From 'ticking time bomb' to 'manageable challenge'

AUTHOR(S)
Fleet, Samuel H.
PUB. DATE
December 2006
SOURCE
Business Insurance;12/11/2006, Vol. 40 Issue 50, p22
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the requirement of the Governmental Accounting Standards Board Statement Number 45 for large public employers in the U.S. to reflect the future cost of health care for retirees on their current balance sheets. An expert estimates that the total tab for public employers' retiree health care could approach $1 trillion. The federal government provides a 28% retiree drug subsidy to encourage employers to continue their medicare coverage.
ACCESSION #
23551509

 

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