USPS Defaults on Retiree Health Benefits…Again

The prepayment mandate accounted for a lion's share of the agency's $16 billion net loss last year. Postmaster General Patrick Donahoe has asked Congress for legislative reforms and the ability of the USPS to run its own health care system. Absent the ability to conduct its own affairs, Donahoe estimates the USPS could need a taxpayer bailout of as much as $50 billion by 2017.