Dale Folwell[/caption]Changes to the State Health Plan may be coming, following a vote of the State Health Plan Board of Trustees taking place today.
State employees who now pay no health insurance premiums could start paying $25 a month under changes being considered for the state health plan.Other employees enrolled in what’s called the 80/20 plan could see their monthly costs going from a low of $15.04 to $50.
State Treasurer Dale Folwell said the increases are needed to keep the state health plan solvent….Folwell said Tuesday that a new study found that the plan’s liability has increased to $42 billion.
Folwell is right to address these liabilities, which have been skyrocketing since they were first calculated at the end of 2005. In 11 years, the liabilities have grown from roughly $24 billion to $42 billion, a stunning increase of 75%.
UPDATE: The changes were approved by the board, and are scheduled to go into effect 2018.
