Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Operations topic
No spam. Unsubscribe anytime.
Board members raise concerns about insurance costs; finance committee meets new external auditor
Summary
Board discussion flagged rising district insurance costs and possible pharmacy benefit strategies; the finance committee also introduced a new external audit firm to review district expenditures and reporting.
Dr. Bohmbrick, speaking during board member comments, raised concerns from the health insurance committee about rising insurance costs and possible next steps. "At our last health insurance committee meeting, I asked why our meetings are all the same and how Blue Cross Blue Shield can lose 1 to $2,000,000 a year insuring us," he said, adding he has suggested alternatives including exploring pharmacy benefit management. He warned that premiums could increase sharply, citing an expected 14.5% rise next year and a suggested 30% increase the following year.
Separately, a board member reported the finance committee met the district's new external audit firm, which will review documentation and confirm the district's use of public dollars. The audit firm introduction is intended to reinforce financial stewardship ahead of upcoming budget cycles.
