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Committee refers $750,000 health insurance supplemental to full council amid reserve concerns
Summary
Finance committee voted 6–1 to send a $750,000 appropriation for health insurance to the full City Council after staff warned the city’s medical claims trust fund balance has fallen below recommended levels.
The Committee on Finance on Oct. 16 voted to refer a mayoral appropriation of $750,000 for health insurance purchase-of-services to the full City Council for adoption. The motion passed in committee 6–1.
Administration briefing: Finance staff and city health-plan administrators said the city in recent years changed its budgeting approach for health insurance from claims-paid estimates to a ‘working rates’ premium model tied to actual enrollments. Bob Ekstrom explained the shift was meant to…
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