Big employers' reports on health spending to include personal assurance of accuracy
Top executives of Wal-Mart and other large employers would have to sign off personally on annual reports of how much their companies are spending on health insurance in Maryland under the provisions of a law enacted Thursday night by legislators over Gov. Robert L. Ehrlich Jr.'s veto.
The state Department of Labor, Licensing and Regulation would have primary responsibility for administering the Fair Share Health Care Fund Act, which requires that large private employers spend at least 8 percent of their payroll (6 percent for nonprofits) on health benefits - or hand over the difference to the state.
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