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Board approves 9% average increase for UnitedHealthcare city plan after stabilization write-up explained
Summary
The Health Service Board approved an average 9% increase across UnitedHealthcare’s city plan and the ‘city plan choice not available’ product, driven by 2019 experience trended to 2021 plus a rate‑stabilization amortization that increased buy‑up; commissioners were briefed on how employer contributions for early retirees are calculated.
Aon actuary Mike Clark presented the UnitedHealthcare city plan (self‑funded) renewal and said the aggregate increase for the combination of the city plan and the city‑plan‑choice‑not‑available product is 9% after applying a rate‑stabilization amortization. Clark said planned claim forecasts used 2019 claims trended to 2021 (5.5% medical trend, 6% pharmacy trend) and that a stabilization deficit amortization contributes roughly 1.5 percentage…
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