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Will retiree health benefits survive FAS 106?
Physician Exec. 1993 Jul-Aug; 19(4):58-60.PE

Abstract

Recent months have seen dramatic public announcements about retiree health care coverage. General Motors recorded a $24 billion quarterly loss this year, due almost entirely to a one-time charge for future retiree health care costs. Other major employers have also reported sudden staggering losses, along with plans to decrease or stop retiree health coverage entirely. Some of these companies have been taken to court. The headlines also identify a culprit--an obscure accounting requirement, Financial Accounting Standard 106. To understand how an accounting rule can have such a profound effect on both the health care of our seniors and the financial strength of American industry, it is necessary to understand how employers pay for their retirees' care, how new accounting rules governing these costs can threaten a company's survival, and how employers are changing their employees' health coverage to meet these threats.

Authors+Show Affiliations

Coulter CH
Ultralink Nationwide HMO Network, Costa Mesa, CA.

MeSH

AccountingCosts and Cost AnalysisHealth Benefit Plans, EmployeeRetirementUnited States

Pub Type(s)

Journal Article

Language

eng

PubMed ID

10127416

Citation

Coulter, C H.. "Will Retiree Health Benefits Survive FAS 106?" Physician Executive, vol. 19, no. 4, 1993, pp. 58-60.
Coulter CH. Will retiree health benefits survive FAS 106? Physician Exec. 1993;19(4):58-60.
Coulter, C. H. (1993). Will retiree health benefits survive FAS 106? Physician Executive, 19(4), 58-60.
Coulter CH. Will Retiree Health Benefits Survive FAS 106. Physician Exec. 1993 Jul-Aug;19(4):58-60. PubMed PMID: 10127416.
* Article titles in AMA citation format should be in sentence-case
TY - JOUR T1 - Will retiree health benefits survive FAS 106? A1 - Coulter,C H, PY - 1993/6/7/pubmed PY - 1993/6/7/medline PY - 1993/6/7/entrez SP - 58 EP - 60 JF - Physician executive JO - Physician Exec VL - 19 IS - 4 N2 - Recent months have seen dramatic public announcements about retiree health care coverage. General Motors recorded a $24 billion quarterly loss this year, due almost entirely to a one-time charge for future retiree health care costs. Other major employers have also reported sudden staggering losses, along with plans to decrease or stop retiree health coverage entirely. Some of these companies have been taken to court. The headlines also identify a culprit--an obscure accounting requirement, Financial Accounting Standard 106. To understand how an accounting rule can have such a profound effect on both the health care of our seniors and the financial strength of American industry, it is necessary to understand how employers pay for their retirees' care, how new accounting rules governing these costs can threaten a company's survival, and how employers are changing their employees' health coverage to meet these threats. SN - 0898-2759 UR - https://www.unboundmedicine.com/medline/citation/10127416/Will_retiree_health_benefits_survive_FAS_106 L2 - https://antibodies.cancer.gov/detail/CPTC-FAS-1 DB - PRIME DP - Unbound Medicine ER -