Maryland health costs loom

Washington Times ^ | 9-25-06 | Metro

[JZelle]

ANNAPOLIS (AP) -- Maryland added $100 million to this year's budget to help pay future health care costs for retired teachers and state employees, but it was little money toward solving what could be a $20 billion problem. New rules imposed by the Government Accounting Standards Board will require state and local governments across the country to change the way they account for health care costs in their employee-retirement systems.

[JZelle]

" "Where in the world is Maryland going to get over $1 billion a year to put toward health care for retirees?" asked state Sen. Edward J. Kasemeyer, a Baltimore County Democrat and co-chairman of a legislative committee established to prepare for the changes. "

It's Maryland, does he really need to ask?