From 'ticking time bomb' to 'manageable challenge'

Fleet, Samuel H.
December 2006
Business Insurance;12/11/2006, Vol. 40 Issue 50, p22
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.


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