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Early SFAS 106 adopters provide revealing healthcare data.
Healthc Financ Manage. 1993 Jun; 47(6):98, 100, 102 passim.HF

Abstract

Healthcare executives should have a strong interest in the recently released Statement of Financial Accounting Standards No. 106, Employers' Accounting for Postretirement Benefits other than Pensions (SFAS 106). The requirements of SFAS 106 focus heavily on estimating the healthcare benefits of retirees and forces corporations to project the magnitude of expected increases in healthcare costs. Estimates for recording these retiree healthcare benefits for all U.S. companies range from $200 billion to $400 billion, imposing significant financial statement implications for all firms that provide healthcare benefits to retirees. The requirements of SFAS 106 will also have an impact on the way corporations design and implement healthcare cost controls, which may directly affect many healthcare entities. Understanding SFAS 106, and the reactions of firms to this standard, will allow healthcare executives to better manage their organizations to take advantage of new opportunities and meet new challenges that may arise.

Authors+Show Affiliations

Leauby BA
LaSalle University, Philadelphia, PA.
Ugras JY
No affiliation info available
Welsh MJ
No affiliation info available

MeSH

AccountingData CollectionData Interpretation, StatisticalEmployer Health CostsHealth Benefit Plans, EmployeeIncomeIndustryRetirementUnited States

Pub Type(s)

Journal Article

Language

eng

PubMed ID

10145830

Citation

Leauby, B A., et al. "Early SFAS 106 Adopters Provide Revealing Healthcare Data." Healthcare Financial Management : Journal of the Healthcare Financial Management Association, vol. 47, no. 6, 1993, 98, 100, 102 passim.
Leauby BA, Ugras JY, Welsh MJ. Early SFAS 106 adopters provide revealing healthcare data. Healthc Financ Manage. 1993;47(6):98, 100, 102 passim.
Leauby, B. A., Ugras, J. Y., & Welsh, M. J. (1993). Early SFAS 106 adopters provide revealing healthcare data. Healthcare Financial Management : Journal of the Healthcare Financial Management Association, 47(6), 98, 100, 102 passim.
Leauby BA, Ugras JY, Welsh MJ. Early SFAS 106 Adopters Provide Revealing Healthcare Data. Healthc Financ Manage. 1993;47(6):98, 100, 102 passim. PubMed PMID: 10145830.
* Article titles in AMA citation format should be in sentence-case
TY - JOUR T1 - Early SFAS 106 adopters provide revealing healthcare data. AU - Leauby,B A, AU - Ugras,J Y, AU - Welsh,M J, PY - 1993/5/8/pubmed PY - 1993/5/8/medline PY - 1993/5/8/entrez SP - 98, 100, 102 passim JF - Healthcare financial management : journal of the Healthcare Financial Management Association JO - Healthc Financ Manage VL - 47 IS - 6 N2 - Healthcare executives should have a strong interest in the recently released Statement of Financial Accounting Standards No. 106, Employers' Accounting for Postretirement Benefits other than Pensions (SFAS 106). The requirements of SFAS 106 focus heavily on estimating the healthcare benefits of retirees and forces corporations to project the magnitude of expected increases in healthcare costs. Estimates for recording these retiree healthcare benefits for all U.S. companies range from $200 billion to $400 billion, imposing significant financial statement implications for all firms that provide healthcare benefits to retirees. The requirements of SFAS 106 will also have an impact on the way corporations design and implement healthcare cost controls, which may directly affect many healthcare entities. Understanding SFAS 106, and the reactions of firms to this standard, will allow healthcare executives to better manage their organizations to take advantage of new opportunities and meet new challenges that may arise. SN - 0735-0732 UR - https://www.unboundmedicine.com/medline/citation/10145830/Early_SFAS_106_adopters_provide_revealing_healthcare_data_ DB - PRIME DP - Unbound Medicine ER -