A consultant says it’s not feasible to move to a self-insurance model for Wisconsin state employees next year.
The Wisconsin State Journal reports that the consultant’s report found moving from a competitive HMO model to self-insurance could save the state $50 million to $70 million a year beginning in 2017.
The report by Atlanta-based Segal Consulting was submitted on March 25 to the state Department of Employee Trust Fund’s Group Insurance Board meeting.
The report recommends introducing deductibles for state workers, increasing out-of-pocket maximums, charging more for brand-name drugs and other changes that could save at least $42 million next year.
The $1.4 billion state worker health insurance program covers 240,000 workers and family members. Gov. Scott Walker’s proposed budget calls for cutting $25 million over two years.
Was this article valuable?
Here are more articles you may enjoy.
US Appeals Court Rejects Challenge to Trump’s Efforts to Ban DEI 
Trump’s EPA Rollbacks Will Reverberate for ‘Decades’ 
AIG Underwriting Income Up 48% in Q4 on North America Commercial 
Insurance Issue Leaves Some Players Off World Baseball Classic Rosters 
