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SFHSS CFO reports improved finances; 10‑county survey shows moderated medical trend at 6.8% — board approves survey results
Summary
CFO Iftikhar Hussain reported a slight improvement in SFHSS net position for January and projected pharmacy rebates and interest income increases; the board unanimously approved the 10‑county survey used for setting 2026 non‑represented rates, which showed an average projected increase of 6.81 percent.
San Francisco Health Service System Chief Financial Officer Iftikhar Hussain reported to the Health Service Board on March 13 that the system’s net position improved modestly for the month ending Jan. 31, 2025, driven in part by timing of pay periods and favorable pharmacy rebates.
Hussain told the board the system had expected a $37 million drop last month but saw a $25 million improvement due primarily to pay‑period timing. Pharmacy rebates and higher interest income were favorable: Hussain cited an updated pharmacy rebate…
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