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Wednesday, April 2, 2008

Comptroller launches health insurance program for municipalties

This is actually a good solution to lower the costs for government employees. Actually states generally have a generic program for state employees that is pretty good. But this plan goes further in Connecticut where every town and county municipality will be pooled together to create one larger risk pool of people for their insurance. The hope is that the rates would be more affordable if there were more people in the risk pool. Enjoy the article.

Comptroller launches health insurance program for municipalties

HARTFORD, Conn. (AP) _ The state comptroller is launching a program to use the state's buying power to drive down health insurance costs for cities and towns.

The plan calls for pooling municipal employees into one large risk group.

Democrat Nancy Wyman says her office is asking interested local leaders to submit claims data and employee census data by April 10. The coverage is scheduled to begin July 1. A private, third party will administer the program.

Continue reading the article here.

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