Costs of Hospital Benefits for Retired Employees [Discussion]

Mr. Latimer has presented to us his detailed analysis of a specific request from a large company to give them an estimate of the cost of providing retired hospital benefits for their employees, and more specifically, to provide for the advance funding of these benefits similar to the approach used for their pension program. This is neither a theoretical study being offered by the author as the best solution to a major current problem, nor is it merely a statement for the record of something commonly being done in the industry since, to my knowledge, no company has used this particular approach.