Health Insurance

Articles about Health Insurance that may be useful to Massachusetts retirees

Blue Cross vastly expands quality-based payment systems

The Massachusetts health care industry’s traditional system of paying doctors for every office visit, test, and procedure may be nearing its end.

GIC INSURANCE PREMIUM COSTS GOING UP

Governor Proposes Higher Employee Contributions

MARCH 5, 2015: Monthly insurance premiums for the 425,000 enrollees of the state’s Group Insurance Commission (GIC) will increase starting in June.

The increase in monthly premiums is the result of higher medical inflation across nearly all GIC plans. Essentially, the price of medical care and prescription drugs is once again on the rise.

CVS CareMark Retained by GIC

Reduces Costs by $145m Over Three-Years

FEBRUARY 18, 2015: Following an extensive search process, the state’s Group Insurance Commission (GIC) voted to retain CVS CareMark for at least another three-years beginning July 1, 2015. The Rhode Island-based firm has been the pharmacy benefits manager (PBM) for the GIC’s UniCare plans since 2010.

GIC APPROVES 2016 COPAYMENT & DEDUCTIBLE HIKE

Association Deeply Opposes $60m Cost Shift

FEBRUARY 17, 2015: Over the objections of our Association and union representatives, the Commonwealth’s Group Insurance Commission (GIC) voted to increase copayments and deductibles for Fiscal Year 2016, beginning July 1, 2015.

While this increase marks the first of its kind in more than five years, Association officials strongly oppose what we view as further cost shifting onto the backs of retirees and employees who utilize their insurance benefits.

Association Opposes Increased Copayment & Deductibles

Association Opposes Increased Copayment & Deductibles

GIC Holds Annual Public Hearing

February 4, 2015:  Association officials were present and offered testimony at the state Group Insurance Commission’s (GIC) annual public hearing held today at the State House.

GIC REPORTS $120 MILLION DEFICIT

Adds Pressure to Growing State Budget Gap

DECEMBER 19, 2014: As reported in the January 2014 edition of the Voice, the state’s Group Insurance Commission (GIC) is grappling with a significant budget deficit for the current fiscal year.

However, it now appears that the problem is more significant than previously thought. At today’s GIC meeting, Executive Director Dolores Mitchell characterized the deficit as being “north of $120 million” – some $70 million higher than previously thought.

WARNING SIGNS FROM GIC

Budget Shortfall Could Trigger Benefit Changes in 2015

NOVEMBER 21, 2014: At its monthly meeting, the state’s Group Insurance Commission discussed a growing concern for the health plan administrators, as well as our Association – a growing multimillion dollar budget shortfall, combined with a downturn in state tax collections. 

Retiree Healthcare Siege Continues

MTF Report Misleading

OCTOBER 1, 2014: Last week, the Mass. Taxpayers Foundation (MTF) released its latest report on municipal retiree health insurance. As expected the report finds that the cost of municipal health insurance plans is unsustainable, and as such, benefit reductions are called for. Click here to view the report.

Legislature Extends Insurance Moratorium

Teachers and Municipal Retirees Protected

July 2014 Voice: Retired teachers and municipal employees will receive a two-year reprieve from increased health insurance contribution percentage rates due to a provision contained within the FY15 state budget. The law extends the same protection to municipal retirees that has been long afforded to state retirees.

Budget Accord Reached

Healthcare Contribution Moratorium Approved

JUNE 30, 2014: House and Senate budget negotiators reached an agreement on the Commonwealth’s $36.4 billion fiscal 2015 budget over the weekend. The measure will be approved by both the House and Senate, and then sent to Governor Patrick later today.