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SFHSS CFO reports projected year‑end fund increase; pharmacy rebates drive part of surplus
Summary
San Francisco Health Service System CFO Larry Liu reported on May 31 financials, projecting a fiscal‑year net increase of about $16.9 million and an ending trust fund balance near $132.9 million; self‑funded plan gains and pharmacy rebates were cited as primary drivers.
Larry Liu, San Francisco Health Service System chief financial officer, presented the financial reports for SFHSS as of May 31, 2021 (eleven months into the fiscal year). Liu said the trust fund is projecting a fiscal‑year net increase of approximately $16.9 million and a projected year‑end fund balance of about $132.9 million.
Key figures Liu highlighted included a…
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