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District insurer reports improved 2024 year but warns GLP‑1 drugs threaten plan affordability
Summary
The district’s benefits consultant reported lower overall medical claims in 2024 but large growth in GLP‑1 prescription spending; staff said federal action or negotiations will be needed to control costs for those drugs.
The Saint Mary Parish School Board received a group health insurance update Jan. 9 showing improved overall claims experience in 2024 compared with 2023, but with sharply rising prescription costs tied to GLP‑1 drugs.
Presenter Mister Perez said the district paid $12.8 million in premiums for the 2024 plan year, with $11.8 million in total claims paid. A stop-loss adjustment related to claims above the attachment…
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