Understanding Finances and Changes in Retiree Health Care

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With overall state budgets continuing to feel the effects of the Great Recession; health care cost trends continuing upward at more than 3 percent annually; annual premiums up 8-9 percent between 2010 and 2011; relatively new accounting rules requiring states to report liabilities associated with retiree health care; and the continued use of pay-as-you-go funding approaches; governments need to understand what has been done so far so they can assess their own efforts and determine if their retiree health care programs are sustainable.

This Government Finance Review article from Center Vice President of Research Joshua Franzel and Center researcher Alex Brown advises governments to understand what has been done thus far to address OPEB liabilities so they can assess their own efforts and determine if their retiree health care programs are sustainable.

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