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SFHSS CFO warns trust balance may decline; mayor's 15% budget instruction to complicate planning
Summary
SFHSS chief financial officer reported elevated claim activity in September and October that is projecting a decline in the trust balance, estimated pharmacy rebates of $16 million, and said the mayor's requested 15% budget reductions will present a significant challenge for the department.
Iftikhar Hussain, SFHSS chief financial officer, told the Health Service Board that higher‑than‑usual claim activity in September and October is projecting a decline in the health‑service trust balance even though last year’s stabilization planning produced a $5,000,000 increase in the fund.
"We are seeing a decline in the trust balance due to high claim activity," Hussain said, adding that early November indicators show…
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