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Face the Facts USA: Want to retire and keep insurance? Fewer employers say OK

Companies offering health benefits to their retirees are an increasingly endangered species. In 2011, only 26 percent of large firms (200 employees or more) offered retirees health insurance. In 1988, it was 66 percent. During that 23-year period, total funds spent on health care in the US skyrocketed from $582 billion to $2.59 trillion.

Each day until the election, Record-Bee.com and Face the Facts USA are partnering to bring you one exhaustively researched and vetted, non-partisan fact about a major issue facing our nation. Face the Facts USA is a project of The George Washington University. On Twitter: @FaceFactsUSA

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