| Early SFAS 106 adopters provide revealing healthcare data. | |
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MedLine Citation:
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PMID: 10145830 Owner: NLM Status: MEDLINE |
Abstract/OtherAbstract:
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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. |
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Authors:
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B A Leauby; J Y Ugras; M J Welsh |
Publication Detail:
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Type: Journal Article |
Journal Detail:
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Title: Healthcare financial management : journal of the Healthcare Financial Management Association Volume: 47 ISSN: 0735-0732 ISO Abbreviation: Healthc Financ Manage Publication Date: 1993 Jun |
Date Detail:
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Created Date: 1993-07-07 Completed Date: 1993-07-07 Revised Date: 2000-12-18 |
Medline Journal Info:
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Nlm Unique ID: 8215859 Medline TA: Healthc Financ Manage Country: UNITED STATES |
Other Details:
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Languages: eng Pagination: 98, 100, 102 passim Citation Subset: H |
Affiliation:
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LaSalle University, Philadelphia, PA. |
Export Citation:
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APA/MLA Format Download EndNote Download BibTex |
| MeSH Terms | |
Descriptor/Qualifier:
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Accounting
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standards* Data Collection Data Interpretation, Statistical Employer Health Costs / statistics & numerical data* Health Benefit Plans, Employee / economics*, statistics & numerical data Income / statistics & numerical data Industry / economics* Retirement / economics*, statistics & numerical data United States |
From MEDLINE®/PubMed®, a database of the U.S. National Library of Medicine
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