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Data dashboard: City Plan’s active and early‑retiree pools are financially unsustainable, analysts say
Summary
A dashboard presentation showed active membership in the City Plan has declined ~20% annually and average age rose to ~49; per‑member costs, admissions and high‑cost claims make the active and early‑retiree pools unsustainable unless the board acts on options such as moving early retirees to Medicare pools, closing the active plan or redesigning benefits.
Marina Kolorich, data analytics manager, and Aon Hewitt’s Paige Seifetzler presented a dashboard summarizing City Plan experience through the second quarter of 2013. The presentation identified three structural problems: falling enrollment in the active pool, rising average age among remaining members and high per‑member utilization and pharmacy costs that together make the active and early‑retiree pools difficult to…
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