ETF Responds to LAB Audit of the State’s Group Insurance Programs
Low-growth health insurance costs and high satisfaction among employers participating in the state's Group Health Insurance Program are two key takeaways from an audit by the
The LAB's independent actuary concluded the
"I'm pleased the LAB report identified no significant concerns. There are several good recommendations in the report, many of which we will implement, have implemented or are in the process of implementing. I appreciate that the LAB has pointed out ways we have improved the administration of the programs over time," said ETF Secretary
In a formal response to the LAB, ETF addresses various findings and provides helpful background information.
Group Health Insurance Program
Over the past decade the Group Health Insurance Program has gone through tremendous changes and the role of the
In addition to meeting budgetary directives to help balance the state's budget, the
Highlights of program improvements and outcomes include:
* The Group Health Insurance Program had an average annual cost increase of 3.7%, compared to the national average of 7.7% for 2009 through 2017.
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* The Well Wisconsin Program had a 70% increase in enrollments in plan years 2016 through 2018.
* The High Deductible Health Plan had a 37% increase in enrollments for plan year 2019, compared to the previous year.
* the deficit will be eliminated by 2021, due to increased contributions.
For more information, see the full LAB report (http://legis.wisconsin.gov/lab/) and ETF's formal response (http://etf.wi.gov/news/GIB_AuditResponse_Feb2019_Final.pdf).
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