Navigation Links
Retirees' health-care benefits at risk, study warns
Date:8/18/2009

CHAMPAIGN, Ill. A nearly two-decade trend that is stripping away employer-provided health-care benefits for retirees in private business will likely continue and could soon hit an even deeper pool of government retirees, new research by a University of Illinois elder law expert warns.

Richard L. Kaplan says the steady erosion of private sector benefits stems largely from a 1992 change in accounting standards that requires employers to project future coverage costs, rather than just booking expenses when payouts are made years down the road.

This year, the same accounting requirements take effect for state and local governments, he said, adding hefty new financial obligations to balance sheets already out of whack amid the nation's worst economic downturn since the Great Depression.

"When those future costs are disclosed, the pattern has been that stakeholders in this case taxpayers say, 'This is too much,' " Kaplan said. "There could be a big pushback from ordinary taxpayers who used to get these benefits and had them taken away or who never got them at all."

Private companies have increasingly scaled back retiree health-care benefits or eliminated coverage entirely to shore up bruised bottom lines and investor confidence, said Kaplan, whose research appears in the current issue of the Yale Journal of Health Policy, Law and Ethics.

Among U.S. companies with at least 200 employees, only 35 percent provided any retiree health-care benefits in 2006, compared with 66 percent in 1988. Kaplan says similar tough choices lie ahead for government, where retiree health-care benefits are more common, offered by 48 of 50 states and most local governments.

"Health-care benefits for government retirees are going to face considerable scrutiny, probably for the first time, because the accounting standards will make balance sheets look terrible," he said. "And unlike with pensions, which are at least partially fund
'/>"/>

Contact: Jan Dennis
jdennis@illinois.edu
217-333-0568
University of Illinois at Urbana-Champaign
Source:Eurekalert

Page: 1 2 3

Related medicine news :

1. Ohio Congressional Members Urge U.S. to Provide GM Retirees Medical Benefits
2. Striking Oak Harbor Employees Honor Retirees
3. Medicare, Social Security Owe Up to $52 Trillion to Current Retirees and Workers
4. Caterpillar Logistics Services Retirees Win a Preliminary Injunction Providing Them Premium-Free Retiree Healthcare
5. Experts establish baseline for civic engagement among retirees
6. Major Union Questions PA Pension Fund, Calls on PSERS to Protect Workers, Retirees
7. Meetings Set in Southeast PA to Help State Retirees Choose Best Plan to Continue Health Care Benefits
8. Anthem National Accounts Introduces New Products for Large Employers Early Retirees
9. U.S. Court Approves AK Steels VEBA Health Care Settlement With Middletown Works Retirees
10. AFSCME to Gov. Rendell: Dont Cut Health Benefits for State Retirees!
11. Retirees spending freely
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:11/28/2014)... Sunnyvale, CA (PRWEB) November 28, 2014 ... on December 2, 2014. This national movement was ... their communities by giving to local charities and causes. ... Thanksgiving Holiday, coincides with the kickoff of the holiday ... Friday is to shopping and Cyber Monday is to ...
(Date:11/28/2014)... 2014 Now that the holiday season ... of the nation's leading cash-for-junk-cars companies, is improving their ... be more competitive and help bring a little bit ... time of year. , Along with purchasing expensive gifts ... US also deal with large travel expenses during the ...
(Date:11/28/2014)... 2014 Novatus, a leading provider ... v5.1 which provides customers with greater reporting capabilities, ... , “As we continue to evolve and grow ... functionality and improved performance in response to requests ... Novatus. “With the enhancements that we have made ...
(Date:11/28/2014)... Dr. Andrew Campbell, one of the ... expansion of Quintessa Aesthetic Center into a third location ... W307 N1497 Golf Road in Suite 200 and will ... the new Delafield location will offer a variety of ... Botox, filler injectables , micro laser peels, chemical ...
(Date:11/28/2014)... Dr. Paul Vitenas, one of the most awarded ... Holiday Event for those in the area that would like to ... & Glow will take place on December 11, 2014, from 6:00 ... heart of Houston at 4208 Richmond Ave. , “We want ... will come and celebrate the season with us on December 11, ...
Breaking Medicine News(10 mins):Health News:Pathways Home Health & Hospice Joins #GivingTuesday; Annual Holiday Encourages Local Charitable Giving 2Health News:Pathways Home Health & Hospice Joins #GivingTuesday; Annual Holiday Encourages Local Charitable Giving 3Health News:Rusty's Auto Salvage Increasing Their Cash Offers to Help Drivers Save Throughout the Busy Holiday Season 2Health News:Novatus Releases v5.1 with New Advanced Reporting Capabilities 2Health News:Dr. Andrew Campbell to Expand Quintessa Aesthetic Center into Delafield 2Health News:Cosmetic Surgeon Dr. Paul Vitenas to Host Glitter & Glow Holiday Event 2Health News:Cosmetic Surgeon Dr. Paul Vitenas to Host Glitter & Glow Holiday Event 3
... 18, 2011 HIV-positive head and neck cancer patients ... toxicity rates as non-HIV-positive patients, despite prior reports to ... issue of the International Journal of Radiation OncologyBiologyPhysics ... Radiation Oncology (ASTRO). , Patients with HIV have a ...
... A new program designed to create comprehensive, integrated, whole-person ... a $3.9 million grant from the Colorado Health Foundation. ... in the Department of Family Medicine at the University of ... and national leaders from the mental health, substance use, and ...
... (HealthDay News) -- Seeing a character in a movie light ... motions, new research shows. In the study, functional MRI ... 17 nonsmokers as they watched movie scenes that featured smoking. ... activity in areas involved in movement of the hand they ...
... more likely to have seriously considered suicide than their peers ... Toronto , In a paper published online this week in ... differences among a sample of 6,647 adults, of whom 695 ... study found that men from divorced families had more than ...
... By Jenifer Goodwin HealthDay Reporter , TUESDAY, ... from patients suggest that a controversial treatment for multiple ... many physicians remain highly skeptical of the claims. ... Zamboni, a vascular surgeon from Italy, published an intriguing ...
... of Technology indicates that the incidence of maltreatment, including ... 25 percent higher among deaf and hard-of-hearing children than ... correlation between childhood maltreatment and higher rates of negative ... study, which was presented at the 2010 annual meeting ...
Cached Medicine News:Health News:HIV-positive head and neck cancer patients benefit from radiation therapy 2Health News:New program targeting whole-person health care gets major grant 2Health News:Smoking Scenes in Movies Light Up Smokers' Brains 2Health News:Parental divorce linked to suicidal thoughts 2Health News:Vein-Opening Treatment for MS Stirs Controversy 2Health News:Vein-Opening Treatment for MS Stirs Controversy 3Health News:Vein-Opening Treatment for MS Stirs Controversy 4Health News:Study: Abuse rates higher among deaf and hard-of-hearing children compared with hearing youths 2
(Date:11/27/2014)... 27, 2014 Hovione announced today ... Application with the U.S. Food and Drug Administration (FDA). ... developing improved drug delivery options for established drugs. ... novel formulation using a new patented crystalline base form ... widely prescribed oral antibiotics for acne. Currently, there are ...
(Date:11/26/2014)... Mass. , Nov. 26, 2014   ... AEX: PHIA) today announced expanded availability of its ... DuraDiagnost, DigitalDiagnost, MobileDiagnost wDR, MobileDiagnost Opta[i] , ProGrade ... these solutions now available in the U.S., and ... markets, the portfolio offers Philips, customers innovative solutions ...
(Date:11/26/2014)...  Cohen, Placitella & Roth, PC is investigating ... Nymox Pharmaceutical Corporation ("Nymox" or "Company") (NASDAQ: ... 31, 2011 through November 2, 2014 ("Class Period").  ... its officers and directors publically disseminated materially false ... and 20(a) of the Securities Exchange Act of ...
Breaking Medicine Technology:Hovione Files its First Investigational New Drug Application With the FDA 2Philips expands global reach of diagnostic X-Ray solutions 2Philips expands global reach of diagnostic X-Ray solutions 3Cohen, Placitella & Roth, PC Investigating Nymox Pharmaceutical Corporation for Failing to Disclose Material Information 2Cohen, Placitella & Roth, PC Investigating Nymox Pharmaceutical Corporation for Failing to Disclose Material Information 3
... The LH 755 simplifies ... by integrating expert automation and ... It delivers reliable, accurate results ... the best slide quality with ...
For the quantitative determination of Creatine Kinase in serum....
For the quantitative determination of creatine kinase in serum. Kinetic Reaction measured at 340 nm. Linearity: 1500 IU/L at 37C....
For the quantitative determination of total glucose in serum....
Medicine Products: