Policy Intern, Reason Foundation
Elizabeth Myers is a policy intern at Reason Foundation.
Analyses estimate that implementing a single-payer system would cost California between $330 billion and $400 billion per year, and there are reasons to believe that these estimates are too low.
A database of over 500 public pension plans reveals over $5 trillion in total liabilities and over $1.4 trillion in unfunded liabilities, the majority of which are overseen by a few actuarial firms.
Milwaukee's retirement system has been consistently using an aggressively high rate of return assumption, overestimating the return on plan assets and creating the possibility for long-term financial trouble.