HSS finance report shows projected $14.3 million trust-fund decrease; actuary cites drug and volume drivers
Deputy Director/CFO Pamela Levin told the board the Employee Benefit Trust Fund is projecting about a $14.3 million decrease and a year-end balance near $78.5 million; the actuary attributed much of a $12.7 million Blue Shield variance to drug costs and higher utilization.
The full story
Pamela Levin, deputy director and chief financial officer for the Health Service System, presented the HSS financial report through May 31 and fiscal-year projections through June 30, telling commissioners the trust fund is projecting an overall decrease of approximately $14.3 million and a year-end balance in the high $70 millions.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
or