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Morgantown's self-funded health plan shows volatility; council weighs options and cost-saving programs
Summary
Finance staff told council the city's self-funded health insurance plan required a $3.315 million transfer in Jan. 2025 and that pharmacy-management initiatives could save $700,000–$900,000 annually but six-month results are inconclusive; council discussed plan design changes, expanding the risk pool and exploring commercial alternatives.
MORGANTOWN, W.Va. — City finance staff told council on March 31 that Morgantown's self-funded health insurance plan has been volatile, that the city made a $3.315 million transfer to stabilize the fund in January 2025 and that several cost-saving initiatives are being monitored.
Finance Director John Ferguson said the city moved $3.315 million from a stabilization fund to shore up the life-and-health fund in January 2025. "Back in January 2025, I did come to city council requesting approval for a transfer…
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