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Health‑benefits brokers tell West Orange board medical and drug costs are surging
Summary
Health‑benefits brokers told the West Orange Board that medical costs are rising roughly 12% and prescription costs (driven by specialty drugs) over 20%, heightening the district’s fiscal pressures and contributing to a $14 million shortfall the superintendent described.
Brown & Brown brokers briefed the West Orange Board of Education on April 20 about statewide health‑insurance market trends that will affect school districts. Mike Morrow, vice president at Brown & Brown, told the board the upcoming fiscal year promises “the most challenging health‑insurance year we’ve had in New Jersey for school districts in over 25 years,” citing a roughly 12% increase in medical claims trend and more than 20% increases…
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