Local Insurance

Articles about Local Insurance that may be useful to Massachusetts retirees

GOVERNOR PATRICK ANNOUNCES PLANS TO FILE LEGISLATION TO REFORM RETIREE HEALTH INSURANCE BENEFITS

Reform Would Tackle Fiscal Challenges Head-On, Save As Much as $20 Billion over the Next 30 Years

BOSTON – Friday, January 11, 2013 – Governor Deval Patrick today announced plans to file legislation to reform health insurance benefits for retirees that would save as much as $20 billion for the Commonwealth and municipalities over the next 30 years.  Today’s announcement builds on the Governor’s record of reform and his Administration’s commitment to fiscal responsibility for the long-run.

PATRICK TO FEATURE PANEL’S RETIREE HEALTH CARE REFORMS IN BUDGET

By Matt Murphy
STATE HOUSE NEWS SERVICE

STATE HOUSE, BOSTON, DEC. 20, 2012….State and municipal employees would have to wait until they are older and put in more years of service to qualify for retirement health benefits under a proposal being embraced by the Patrick administration to cut future benefit costs by $20 billion over the next 30 years.

HEALTHCARE COMMISSION ENDORSES MASSIVE $15-$20 BILLION REFORM

Retiree Protections Include Contribution Rate “Freeze”

DECEMBER 20, 2012: Following nine months of lengthy meetings, detailed analysis and intense negotiations the Special Commission on Retiree Healthcare completed its work today with an 11-1 vote to endorse a proposal that, if passed into law, will save Massachusetts taxpayers at least $15-$20 billion over the next thirty years.

HEALTHCARE DEBATE HEATS UP AS REPORT DATE NEARS

Retirees & Labor Present Unified Front

DECEMBER 3, 2012: After more than eight months of meetings and analysis, the 12-member Special Commission on Retiree Healthcare is now in the process of drafting its report and finalizing its recommendations.

WINCHESTER RETIREE HEALTH INSURANCE UNDER ATTACK

NOVEMBER 19, 2012: Winchester retirees won’t be thinking kindly of the town’s board of selectmen this Thanksgiving after reading a letter from Town Manager Richard Howard about the future of their health insurance. That’s because the letter reported on the selectmen’s unanimous approval of insurance changes, presented to them by Howard earlier this month, that are aimed solely at dramatically increasing the health care costs for retirees. Howard was the mayor of Malden for approximately 17 years before being named to Wilmington’s top job by the selectmen.

Easthampton Postpones Insurance Action

NOVEMBER 8, 2012: Last night, the Easthampton City Council postponed any action on Mayor Tautznik’s proposal to adopt Sections 21-23 under which the mayor wants to negotiate a new insurance contract. The Council instructed Melissa Zawadzki, the city’s finance director, to provide the cost of entering into an insurance agreement with available plans that are available. She will then report back to the Council.

EASTHAMPTON EYES INSURANCE REFORMS

NOVEMBER 7, 2012: Easthampton – The nine-member Easthampton City Council will meet tonight, November 7, and vote on a proposal by Mayor Michael Tautznik to accept Sections 21-23 of Chapter 32B for purposes of negotiating a new health insurance agreement with the city’s employees and retirees.

It is reported that 2 members of the Council’s 3-member Subcommittee on Insurance are opposed to accepting Sections 21-23, while the chairman is in favor of acceptance. Sections 21-23 were a major component of Chapter 69, the Municipal Healthcare Reform law passed in 2011.

BIG WEEK FOR HEALTHCARE ON BEACON HILL ENDS

GIC & Special Commission Meetings Held

OCTOBER 26, 2012: On Tuesday, the Special Commission on Retiree Healthcare held its 5th meeting in six months, as it began to outline its report to be issued by December 20, 2012.

The Commission’s legislative mandate is to explore the means to reduce state and municipal retiree unfunded healthcare liabilities. Actuaries have projected the state’s 30-year unfunded liability at $16 billion, while municipal liabilities come in at $30 billion.

How Insurers Can Help

How Insurers Can Help

New York Times Editorial

October 1, 2012: Private insurance companies should be leading the way in the struggle to control health care costs. They know about every contact a patient has with the health care system and can see how much is wasteful or redundant. By altering the way they pay doctors and hospitals, they can potentially push providers to reduce costs, improve quality and even transform the whole culture of American medicine.