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This excerpt taken from the VLG 10-K filed Sep 28, 2006. We
could be adversely affected by increases in health care
costs.
We provide health care benefits to our employees under
self-funded programs through which a third-party administrator
settles and pays claims by our employees that we fund and for
which we accrue costs. We established a reserve for these costs
based on our estimate of the level of outstanding claims,
including claims incurred but not reported, based upon
historical payment patterns, knowledge of individual claims and
estimates of health care costs. These estimates are inherently
uncertain and may not accurately reflect the actual level of
outstanding claims and the resulting costs. Because our employee
health care benefit program is self-funded and we assume the
risk of health care costs of our employees up to a limit on
every individual claim, we may be adversely affected by the
rising costs of health care, an increase in the number of such
claims or an increase in the value of individual claims.
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