Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Board approves Health Net Canopy Care 2024 rate cards, citing a 3.7% net increase after buy-down
Summary
The Health Service Board approved 2024 Health Net Canopy Care HMO rate cards reflecting a 3.7% projected increase from 2023 to 2024 after applying a rate-stabilization buy-down; board discussion noted capitation and pharmacy components behind the recommendation.
The board voted to approve the recommended 2024 Health Net Canopy Care HMO rate cards, which Aon presented as reflecting a 3.7% overall increase in projected medical, prescription drug and fee costs from 2023 to 2024 after accounting for a stabilization buy-down.
Aon actuary Mike Clark reviewed the components driving the recommendation: a 15.3%…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
