Archive for the ‘Health Care’ Category

$43K for NJ Teacher Health Care Costs?

The number came into question at last week’s town hall meeting:
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The Path to Progress report does not have the number. So where could it have come from?
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Another NJ Task Force Report

Last July a combination of government employees, lobbyists, and union representatives – all with vested interests in keeping their own aspects of the dysfunctional status quo in place – formed the “State Health Benefits Quality and Value Task Force”. Today their report came out and their recommendations can summarized as follows:

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Doing Something (Nothing) on NJ Health Care Costs

Per a press release from the governor’s office:

Governor Phil Murphy today announced that the Murphy Administration has reached a health care benefits agreement with labor groups, including the New Jersey Education Association (NJEA), a cost-cutting deal that will save the state and local governments nearly half a billion dollars ($496 million) in savings. The agreement includes $274 million in savings in the coming plan year for health care costs for public employees and retirees and another $222 million in year 2020 from the adoption of Medicare Advantage for both SHBP and SEHBP retirees and introduction of a new health plan focused on in-network care. The reforms were passed today through a committee-level vote on the Schools Employees’ Health Benefits Program (SEHBP) Plan Design Committee (PDC). The plan is scheduled for a final vote by the School Employees’ Health Benefits Commission (SEHBC) on Wednesday, September 19th.

According to an nj.com analysis this agreement between the unions and the politicians they bought will do three things:

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Another NJ Task Force

This one is called the “State Health Benefits Quality and Value Task Force” and consists of 16 members (list at bottom of this blog broken down between government employees, lobbyists, and union representatives) all with vested interests in keeping their own aspects of the dysfunctional status quo in place.

Though Executive Order No. 31 does have its informative and delusional parts:

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NJ Republican Pension Focus

State Senator Tom Kean Jr. (R), when asked directly what to do about the pension crisis in New Jersey, gave an answer within his two minutes of allotted time that had nothing to do with pensions:

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Sick of Murphy

A retired cop friend of mine now runs a security business with 85 employees and New Jersey Governor Phil Murphy’s new sick leave law just cost him (or whoever he passes on that additional cost of doing business in New Jersey to) $50,000 a year. The law was summarized by Nixon Peabody and here are excerpts:

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Trumping Insurers

When I first started speaking out as a young actuary I had one primary focus:

Repeal Mccarran-Ferguson

Because of the power of the insurance lobby and those premium taxes paid to states for their mis-regulation that went nowhere.  Until…..

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