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SFHSS year-end report: $105 million trust balance, higher-than-expected medical claims
Summary
CFO Iftikhar Hussain reported a June 30, 2023 trust balance of about $105 million, medical claims roughly $11.5 million above expectations, pharmacy rebates of about $18.9 million and higher interest income year over year.
At its Sept. 14 meeting the San Francisco Health Service System heard a year-end financial update from Chief Financial Officer Iftikhar Hussain that showed the trust fund is stable but facing higher medical-claim costs.
Hussain told commissioners the trust balance as of June 30 was about $105,000,000. He said net medical claims for SFHSS'administered products ran about $11,500,000…
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