Gov. Scott Walker has signed a bill that gives the Legislature’s budget committee oversight of any contract moving Wisconsin public workers into a self-insurance system.
The governor signed the bill privately on Dec. 16.
The measure comes as Walker’s administration considers adopting a self-insurance model, a change that could reshape health insurance for about 240,000 public employees, their families and retirees.
Under a self-insurance model, the state would pay for benefits directly and assume the risk of cost overruns rather than purchase insurance from 17 HMOs. The state insurance board could vote as early as February on moving to such a model.
The leaders of the budget committee argue they should have oversight of such a move because it would have far-reaching consequences for Wisconsin’s insurance markets.
Was this article valuable?
Here are more articles you may enjoy.
Two Dead at Tampa Office After Man Drove Car into Building and Started Shooting 
17 State Attorneys General Urge NY Court to Uphold Business Fraud Suit Against Trump 
Allstate Q3 Net Income Drops About 45% on Higher Catastrophe Losses 
Insurtech Lemonade Posts $43.7M Loss for Q3 
