Commission reviews Blue Cross renewal with projected double-digit rate increase
Benefits presenter told the commission Blue Cross is proposing roughly a 14% renewal increase driven by a projected 107.98% loss ratio; the county discussed funding/reserve options and asked staff for a decision in the coming weeks.
The full story
Commissioners heard a detailed presentation from a benefits presenter (S7) and staff about the county's health insurance renewal options and cost drivers. The presenter said the county's projected loss ratio is about "107.98%" and pointed to high prescription and a few large claimants as the main drivers of the increase; Blue Cross quoted an approximately 14.07% renewal increase on the county's current plan. Commissioners discussed alternatives including higher deductibles ($1,500 to $2,500 plans), adjustments to reserve funding and a potential shift in plan design to moderate the immediate premium impact.
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