Posts Tagged: $50 billion

Tobacco industry spends millions to block Prop. 56

by DARIN LATIMORE posted 11.03.2016

OPINION: Tobacco companies have spent more than $70 million fighting Proposition 56, a life-saving initiative that will protect kids from deadly addiction, improve access to health care for Californians and fight cancer and other tobacco-related diseases. As a volunteer physician for the American Lung Association in California, I strongly support Prop 56.

Legislative legacy: Big bucks for retirees’ health care

Cannery Row workers of the 1950s depicted in an artistic cutout. (Photo: Mr. Interior/Shutterstock)

by ED MENDEL posted 12.22.2014

The debt or “unfunded liability” state Controller John Chiang reported last week for state worker retiree health care, $72 billion, is larger than the unfunded liability for state worker pensions reported by CalPERS in April, $50 billion. It’s a legislative legacy, a debt for state worker services received by one generation that lawmakers decided to let the next generations inherit.