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Sumner County committee hears mixed fund reports, approves 5% premium increase for health plans
Summary
Committee reviewed self-insurance fund balances and actuarial trends for health, dental and on-the-job-injury funds; after hearing consultants warn prescription drug costs are rising, members approved a 5% premium increase for health plans and no increase for dental.
The Sumner County Self Insurance Board Committee voted to adopt a 5% premium increase for the county’s health plans after staff and consultants warned that prescription drug costs and a growing “non‑preferred” enrollee group were pushing medical claim trends upward.
Finance staff told the committee the health fund had about $20.9 million in cash as of the December reporting period but is “getting tighter,” with revenue and expense lines converging. The county’s dental fund…
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