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IPBC pool keeps McHenry County premiums below market despite recent claim increases
Summary
An IPBC representative told the Administrative Services Committee the county's pooled insurance model keeps average premiums below the market, but recent high claims pushed the county's HMO loss ratio above 100% this year.
McHenry County officials heard on Sept. 3 from a representative of IPBC, the county's municipal insurance cooperative, about health‑benefit pooling, recent claim trends and how pooling has affected the county's renewal calculations.
IPBC overview and pool mechanics Dife, representing IPBC, described the pool as a multi‑member Illinois municipal cooperative (formed in 1979, according to the presenter) that spreads claims risk across participants. She told the committee IPBC has more than 170 municipal members and covers more than…
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