Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Consultant urges Medicare Advantage for retirees and governance overhaul; bills expected
Summary
The Employee Benefits Division presented the Segal group final report recommending moving retirees to Medicare Advantage on an opt‑out basis, seeking a new pharmacy benefit manager, and establishing a new governance board; staff said draft bills are in progress and timing may be the next fiscal session.
Jake Lee, administrator of the Employee Benefits Division (EBD), told the State Board of Finance that the Segal group’s final report includes a set of recommendations aimed at stabilizing the employee and public school health plans long term. Three main recommendations Lee highlighted were: (1) move retirees to a Medicare Advantage plan on an opt‑out basis; (2) issue an RFP for a new pharmacy benefit manager to increase rebates and reduce plan funding needs; and (3) consider combining the ASC and PSC plans.
"…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
