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Officials describe stop‑loss procurement and self‑insurance cash for government health program
Summary
Budget officials told senators that stop‑loss (reinsurance) for the government’s self‑funded health plan was procured via a third‑party administrator and that the government used cash to establish a self‑insurance fund; officials described the procurement as competitive through the TPA.
Officials told the finance committee that stop‑loss (reinsurance) coverage for the government’s self‑funded health insurance program was procured by the third‑party administrator (TPA) after inviting bids, and that the government has used internal cash to establish a self‑insurance reserve.
"The stop loss insurance was procured by our TPA, who, I think invited 3 bids and having discussed it with us, determined we determined which was the lowest, the lowest qualifying…
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