"…[D]espite all the dire predictions, Act 10 has proved a smashing success for Wisconsin taxpayers, according to a new analysis by the MacIver Institute.
The Madison-based free-market think tank’s report estimates taxpayers have saved $5.24 billion over the past five years, thanks to the law.
The analysis found that the state has saved $3.36 billion by requiring government employees to contribute to their government-backed pensions, and another $404.8 million by opening up employees’ health insurance to competitive bidding, among other cost controls. The savings have been widespread, across state and local governments.
Milwaukee Public Schools, for instance, saved a whopping $1.3 billion in long-term pension liabilities, according to the MacIver report. The University of Wisconsin System saved $527 million in retirement costs, the study found. And Medford School District recently realized an 11 percent decrease in the cost of its health insurance plan by opening it to competitive bidding.
The savings due to Act 10 breaks down to $2,291 for every household in Wisconsin, according to the analysis."