From a Cato essay on privatizing the USPS:
Opponents of pre-funding USPS retiree health benefits argue that private companies and the rest of the federal government are not legally required to do so. That is largely irrelevant. Retiree health care coverage is an increasingly rare perk in the private sector, and the federal government’s financial management is nothing to emulate. In 2008, only 17 percent of private sector workers were employed at a business that offered health benefits to Medicare-eligible retirees, down from 28 percent in 1997.
Note: For those interested in postal policy, Michael Schuyler has a new – and very interesting – paper out on the USPS and stamp prices. Of course, I want the USPS to be privatized and the market to set postage prices. However, if given the choice between a taxpayer bailout and a postage hike, I say hike away.
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