WebNov 18, 2024 · A February of 2024 GAO report found $865 million in black lung liability was pushed from bankrupt “self-insured” coal companies to the Trust Fund just between 2014 and 2016, increasing costs to the … WebFeb 26, 2024 · Last June, this subcommittee held a hearing about the growing red ink in the Black Lung Disability Trust Fund (Trust Fund). The decline of coal production, a reduced level of funding due to the sunset of the black lung excise tax, and a resurgence of black lung disease is pushing the Trust Fund deeper and deeper into debt.
Black Lung Benefits for Miners not at Risk Despite Reduced Coal …
Webstrained by coal operator bankruptcies. Since 2014, an estimated black lung benefit liability of over $310 million has been transferred to the Trust Fund from insolvent self-insured coal mine operators, according to DOL data. Federal law generally requires that operators secure their black lung benefit liability. To do so, WebThe fund provides monthly payments and medical treatment to coal miners totally disabled from black lung. An excise tax on coal supports the fund, which is more than $4 billion … dj za poroko
VIDEO: Kaine Delivers Speech on Senate Floor on Black Lung …
WebThe Black Lung Benefits Act established a government trust fund to pay for the benefits, financed by an excise tax on coal. Until the end of 2024 the tax was $1.10 per ton for … WebOversight Is Needed to Address Trust Fund Solvency Strained by Bankruptcies What GAO Found Coal mine operator bankruptcies have led to the transfer of about $865 million in estimated benefit responsibility to the federal government’s Black Lung Disability Trust Fund (Trust Fund), according to DOL estimates. The Trust Fund pays WebMay 12, 2024 · The rally was held to pressure Sen. Joe Manchin, D-W.Va., to back restoring and extending, through a budget reconciliation package, the coal production tax that supports the Black Lung Disability ... dj yup