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Insurance consultant recommends 15% package increase, carve out pharmacy benefits for board review
Summary
At a March 10 Lakeville Public School District work session, the district’s insurance consultant recommended an aggregate 15% increase to medical premiums for July 1 and keeping Blue Cross Blue Shield for administration while carving out the pharmacy benefit manager to Express Scripts to pursue higher rebates and transparency; the recommendation will go to the March 24 board meeting for consideration.
Aaron Casper, a consultant with National Insurance Services, told the Lakeville Public School District board at a March 10 work session that the district’s self‑insured medical plan is experiencing sharply higher utilization and specialty drug costs and recommended steps to stabilize the fund.
Casper said the district’s most recent 12‑month claims totaled $29.7 million, up from $26.8 million in the prior 12‑month period, and that carriers were estimating medical trend in the low double digits (about 11–12 percent). He presented a recommendation that the district: keep Blue Cross Blue Shield for administration and stop‑loss coverage, carve out the pharmacy benefit manager to Express Scripts to capture larger rebates and greater transparency, and…
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