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Board approves distribution of remaining Sutter settlement dollars to buy down 2025 rates
San Francisco Health Service Board · March 14, 2024
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Summary
SFHSS received a final Sutter settlement payment of $2,228,280; the board approved allocating $1,916,321 to HMO/EPO plans and $311,959 to the non‑Medicare PPO as a 2025 rating buydown, consistent with Policy 2‑13.
The Health Service Board unanimously approved applying the last of the Sutter legal settlement funds to reduce 2025 plan rates.
Aon actuary Mike Clark told the board SFHSS received a final payout of $2,228,280 on July 5, 2023, and recommended annualizing and allocating $1,916,321 to Blue Shield Access Plus/Trio…
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