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Pension peril. >> reporter: many state and city workers around the country are worried what happened in detroit may happen to them. abru bankrupt city that starts cut pension benefits. >> there's a tendency to overpromise, underfu them, and when a problem comes up, the actuary says put in so much, they're very ready to just defer that cost onto the next generation. >> reporter: some pensions have been improving, but a study found eight states have less than 60% of funds. illinois the worst at 45%. $138 billion short. >> every year lost is a much bigger challenge as one rolls ey have to make ei...

Pension peril. >> reporter: many state and city workers around the country are worried what happened in detroit may happen to them. abru bankrupt city that starts cut pension benefits. >> there's a tendency to overpromise, underfund them, and when a problem comes up, the actuary says put in so much, they're very ready to just defer that cost onto the next generation. >> reporter: some pensions have been improving, but a study found eight states have less than 60% of funds. illinois the worst at 45%. $138 billion short. >> every year lost is a much bigger challenge as one rolls forward. so they...

A cut to spending ratio of nearly 15 to 1. another question over obamacare had this clash of opinion. >> the actuary came to congress and said one out of six hospital and nursing homes are going to go out of business as a result of this. >> not that what they said. >> ryan is right, biden is wrong. >> the obama administration actuary richard foster told the house budget committee our simulations suggest 15% of the hospital providers would become unprofitable as a result of the spending cut. whether the expiration will lead to higher taxes on small business owners as ryan maintained biden said ...

But, the competitive nature of the american economy, is, i think, going to force almost all major companies and small businesses to drop their health care coverage, because it will cost them two, three, four times what it would to just pay the penalty and put people under the public exchanges, if you don't change the law, we'll see what they do when the time comes, we got the reports from the centers for medicare and medicaid services office of the actuary. tell me pow that report, being released. -- about that report being released and what is your read on it and are you surprised it just cam...