Articles about Local Insurance that may be useful to Massachusetts retirees
More Than Double Previous Estimates
FEBRUARY 1, 2013: In the 18-months since the passage of Chapter 69, Acts of 2011, cities and towns have saved an estimated $250 million in health insurance costs.
Known as Municipal Healthcare Reform, Chapter 69 paved the way for municipalities to increase copayments and deductibles up to the level set by the state’s Group Insurance Commission (GIC). It also allows for cities and towns to join the GIC, if the state plan can provide additional savings.
Retiree Healthcare Bill Not Included
JANUARY 22, 2013: When Governor Deval Patrick files his FY 14 Budget proposal on Wednesday, it is not expected to contain legislation to reform retiree healthcare. Observers now anticipate a stand-alone bill to be filed in late January or early February that mirrors the report filed by the Special Commission on Retiree Healthcare, issued in December.
Boston Globe Editorial
January 16, 2013
Exempts Current Retirees And Includes Strong Retiree Protections
JANUARY 11, 2013: Governor Deval Patrick has endorsed a report by the Special Commission on Retiree Healthcare that makes significant changes to public retiree healthcare benefits for future retirees, but not for current retirees.
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.
December 21, 2012
Mass. Teachers Association
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.
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.
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.
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.