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State employee and public‑school health plans project multi‑million deficits, officials tell committee
Summary
EBD officials told the Senate committee that the state employee and public school health plans face projected deficits in 2021 and 2022, prompting use of prior surpluses and reserves and the need for legislative consideration of longer‑term funding options.
State officials and actuaries briefed the Insurance & Commerce committee on the financial condition of Arkansas’ two large public plans — the State Employee Account (ASC) and the Public School Employee Account (PSC).
Amy Fettcher, secretary of transformation and shared services, and Courtney White of Milliman described five budget levers available to manage plan costs: state and school district funding, employee and retiree contributions, plan design, EBD initiatives and reserves. White said the board…
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