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Group Insurance Commission approves FY26 premiums after staff cite provider consolidation and pharmacy costs
Summary
The Group Insurance Commission voted to approve full-cost FY26 premiums after presentations showing a weighted average increase of 11.7% driven by provider consolidation and pharmacy spending; commissioners debated trade-offs and urged coordinated action to curb future increases.
The Group Insurance Commission voted to approve full-cost premium rates for fiscal year 2026 after staff presented actuarial analysis showing a weighted average increase of 11.7% across Medicare and non‑Medicare products.
Staff presenter Margaret Anschutz said the increase “comes in at 11.7%,” attributing most of the rise to provider consolidation and higher pharmacy spending, including spending on GLP‑1 drugs. Commissioners heard that the distribution of increases varies by product and benefit design,…
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