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SFHSS accepts Sutter Health settlement checks; trustees to use funds in upcoming rate-setting
Summary
The San Francisco Health Service Board unanimously approved depositing a $14.7 million Sutter Health settlement into the employee benefit trust and directed staff to consider the funds in the underwriting/rate‑setting process for plan year 2024; a second distribution of roughly $2 million is expected.
The San Francisco Health Service Board voted unanimously to accept and deposit proceeds from a Sutter Health legal settlement and to consider the funds in future rate-setting.
Executive Director Abby Yant and Chief Financial Officer Iftikhar Hussain told the board the fund received a first settlement distribution of roughly $14.7 million, and staff expect a subsequent payment of about $2 million. "The distribution that we have received is 14.7, almost 14,800,000.0," the presentation stated. The staff recommendation was to deposit the…
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