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GIC projects $240 million claims shortfall; supplemental funding now before House Ways and Means
Summary
The Group Insurance Commission’s executive director reported to the commission in April that the GIC projects a roughly $240,000,000 shortfall for the current fiscal year and that the governor has included $240,000,000 in a supplemental budget now before the House Committee on Ways and Means.
The Group Insurance Commission’s executive director reported to the commission in April that the GIC projects a roughly $240,000,000 shortfall for the current fiscal year and that the governor has included $240,000,000 in a supplemental budget now before the House Committee on Ways and Means.
Executive Director Matt said the commission has averaged a monthly deficit of about $20,000,000 this year, largely because of rising provider prices and higher prescription‑drug use, with GLP‑1 drugs for weight loss flagged as a…
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