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"One of the state of California’s biggest debts, health care promised current state workers when they retire, has grown to $51.8 billion a trend a federal report says makes health care costs the top fiscal problem for state and local governments nationwide.
The new estimate from state Controller John Chiang last week was up $3.6 billion from $48.2 billion a year earlier, in part because CalPERS had used a surplus to reduce health care premiums in the period covered by the previous report."
It looks like yet another area of government that was mismanaged.
All taxpayers will suffer--high premiums for those covered. Higher taxes by the rest of us to cover the costs. Lower basic services due to lack of money for government.
Yet the Democrats want to run all the health care in this State and nation.
More...
The new estimate from state Controller John Chiang last week was up $3.6 billion from $48.2 billion a year earlier, in part because CalPERS had used a surplus to reduce health care premiums in the period covered by the previous report."
It looks like yet another area of government that was mismanaged.
All taxpayers will suffer--high premiums for those covered. Higher taxes by the rest of us to cover the costs. Lower basic services due to lack of money for government.
Yet the Democrats want to run all the health care in this State and nation.
More...