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Employee insurance fund shows rising pharmacy costs; county may need infusion next year
5565182 · July 18, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
County insurance fund presenters told the Finance and Budget Committee that pharmacy costs continue to exceed medical claims and that a stop‑loss policy and reserves are in place but may not fully cover rising costs next year.
County employee benefits staff reported to the Finance and Budget Committee that the county’s self‑funded insurance fund is seeing continuing upward pressure from pharmacy costs and that plan funding is running short of projected needs for the year.
An insurance fund representative identified in the meeting as Mr. Angel presented cash‑flow figures. He…
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