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HEHS-94-201R 1 (1994-06-30)

handle is hein.gao/gaobackpf0001 and id is 1 raw text is: United States GA4X) General Accounting Office Washington, D.C. 20548 Health, Education and Human Services Division B-248143 June 30, 1994 The Honorable Kent Conrad United States Senate Dear Senator Conrad: This letter responds to your March 9, 1994, correspondence concerning the United Mine Workers of America (UMWA) Combined Benefit Fund. The Coal Industry Retiree Health Benefit Act of 1992 established the Combined Fund as of February 1, 1993, by merging two existing UMWA retiree health benefit trusts. The Combined Fund is financed mostly by annual premiums assessed to certain companies, called operators, that (1) signed any coal wage agreement with UMWA in 1988 or prior years and (2) still are or were in the coal business. You requested that we answer a number of questions concerning the Combined Fund's beneficiaries, expenses, and revenues. The Combined Fund's staff and officials provided most of the information needed to respond to your request. We also obtained information concerning the Fund's Medicare reimbursement arrangements from the Health Care Financing Administration. HOW MANY BENEFICIARIES ARE IN THE COMBINED FUND AND TO WHICH OPRERATORS ARE THEY ASSIGNED? As of December 31, 1993, the Combined Fund had 101,816 beneficiaries. In 1993, the beneficiary population was assigned for assessing premiums as shown in table 1. The unassigned premium was fully funded by transfers from the 1950 pension trust, as discussed later in this letter. GAO/HEHS-94-201R UNWA's Combined Fund Finances

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