The Rise and Fall of Hope and Change

The Rise and Fall of Hope and Change

Alexis de Toqueville

The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money.
Alexis de Tocqueville

The United States Capitol Building

The United States Capitol Building

The Constitutional Convention

The Constitutional Convention

The Continental Congress

The Continental Congress

George Washington at Valley Forge

George Washington at Valley Forge

Friday, March 9, 2012

We Need Fair and Sound Fiscal Health, Too

From the Public Interest Institute:


by Deborah D. Thornton
Public Interest Institute
March 05, 2012
Public Interest Institute Brief
Health care benefits are a hot topic this spring. A major concern is not only benefits and costs for the private sector, but also the government workers. On the health-care retiree benefit side, many states – 19 in fiscal 2009 – have zero funds set aside to fund these benefits. Another seven have only funded 25 percent of their liability. In total, the states only have about $31 billion, or 5 percent of the expected liability, set aside. With the continuing growth in health-care expenses, this will be a significant problem for these states and their taxpayers in the future. Many states, including Kentucky, New Hampshire, New Jersey, and South Carolina, are making changes in the structure and payment plans of retiree healthcare benefits. They are attempting to better manage this long-term liability.

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