EDITORIAL: Natchez aldermen should reconsider insurance decision
Natchez Democrat, The (MS)
Sept. 30--Much fussing has been made of late over the City of Natchez's decision to quickly renew a health insurance contract with the city's existing provider.
A competing provider claimed their own proposal could save the city approximately $900,000 in annual premiums.
Aldermen didn't bother spending any time to really find out if that claim was true.
That err in fiscal judgment and lapse in prudence is a shame.
But what is a real tragedy is that the city's leadership team did not already know about problems employees covered by the city's health care insurance claim to have been having.
The problems were so bad that a number of city employees signed a petition urging the city's aldermen to find another insurance option.
Most city workers are not paid well. They do their work out of a sense of civic pride and the hope of a plum retirement plan if they can get their years of service into the system.
But the last thing they need is subpar health insurance, which many of the city's employees seem to think they have now.
We urge the city to reconsider their decision and use the advice of professionals who can help guide them through the nuances of selecting a health insurance provider.
To simply continue with the status quo and expect different results is a prescription for failure.
___
(c)2016 The Natchez Democrat (Natchez, Miss.)
Visit The Natchez Democrat (Natchez, Miss.) at www.natchezdemocrat.com
Western National Selects Guidewire System for Claims Management
Aldermen meet to discuss insurance
Advisor News
- Nearly half of nonretirees doubt they will fully retire
- How much could failure to fund Social Security cost average Americans?
- How can more Americans achieve financial independence?
- Savers vs. spenders: How money management attitudes impact financial confidence
- Demonstrating the value of life insurance to Gen Z
More Advisor NewsAnnuity News
- Jackson CEO Laura Prieskorn to retire at the end of 2026
- Has your annuity been reinsured in the Cayman Islands? Here’s why it matters
- DOL slams pension risk transfer lawsuit as ‘opportunistic’ litigation
- AM Best Affirms Credit Ratings of New York Life Insurance Company and Its Subsidiaries
- Advisors don’t have an annuity problem; they have an integration problem.
More Annuity NewsHealth/Employee Benefits News
- They harvest the nation’s food, but a new rule may strip them of health insurance
- A new option for long-term care costs
- Rising health insurance exchange costs are bad news for Mississippi's working poor
- Iowa health insurers propose premium increases for ACA customers
- IOWANS ARE HOLDING ASHLEY HINSON ACCOUNTABLE FOR RAISING THEIR HEALTH INSURANCE PREMIUMS
More Health/Employee Benefits NewsLife Insurance News
- AM Best Comments on Credit Ratings of Horace Mann Educators Corporation and Its Subsidiaries Following Announced Transaction with Medical Mutual of Ohio
- AM Best Affirms Credit Ratings of Hanwha General Insurance Company Limited
- Globe Life boosts Q2 earnings, eyes AI shift for long-term growth
- ATTORNEY GENERAL BRENNA BIRD LEADS FIGHT TO PROTECT IOWA PENSIONS
- AM Best Affirms Credit Ratings of Bao Viet Insurance Corporation
More Life Insurance News