Articles about Local Insurance that may be useful to Massachusetts retirees
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.
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.
Bill builds on law passed when GOP candidate Mitt Romney was governor
Boston Globe
August 7, 2012
By Michael Levenson
Six years after Governor Mitt Romney required every resident to obtain health insurance, Governor Deval Patrick signed a law that many consider the second phase of that groundbreaking experiment: trying to rein in the state’s health costs, which are among the highest in the nation.
Will Impact GIC & Municipal Insurance Plans
AUGUST 3, 2012: As the formal 2011-2012 Legislative Session drew to a close on Tuesday, House and Senate negotiators completed work on a long anticipated bill aimed at curbing the rise in health care costs over the next 15-years. The bill, which now awaits the approval of Governor Deval Patrick, is estimated to save Massachusetts citizens some $200 billion over fifteen years.
Proposals Begin To Take Shape
JULY 18, 2012: The Special Commission on Retiree Healthcare met for more than two hours Wednesday morning in an effort to develop a list of potential reform measures to place before an actuary for cost analysis.
Reform Proposals Taking Shape
JULY 16, 2012: The Special Commission on Retiree Healthcare will enter the next phase of its deliberations this Wednesday, July 18th, when it convenes its third meeting in as many months.
Comprised of 11 members, the Commission’s purpose is to study and investigate both the long-term and ongoing cost of public retiree healthcare. The Commission is then to file a report with the Legislature by November 30, detailing its findings and making recommendations for further reforms.
July 11, 2012
By Martin Finucane, Globe Staff
Massachusetts officials said today that a new law designed to help municipalities and school districts reduce their health insurance costs has saved more than $175 million in premium costs for 127 municipalities and districts.
3% State & Teacher COLA On $13k Base Included
JULY 9, 2012: On Sunday, Governor Patrick signed the $32.6 billion FY13 state budget into law. Contained within the budget is a new 3% State & Teacher COLA, a minimum survivor pension increase for disability retirees’ survivors and access to the Group Insurance Commission’s retiree dental plan for municipal retirees insured under the state plan.
Tasked With Reducing Retiree Insurance Costs
JULY 2012 VOICE: Retiree and labor advocates are keeping a close eye on the new Special Commission on Retiree Healthcare that is now entering its 3rd month of deliberations.
Cite Current & Future Costs
JULY 2012 VOICE: As the strongest advocates for cuts in pension and healthcare benefits, neither the Mass. Taxpayers Foundation (MTF) nor the Mass. Municipal Association (MMA) should be unknown to most public retirees.
Since 1968 the Retired State, County and Municipal Employees Association has been the leading voice for Massachusetts public retirees and their families. Join with our 52,000 members as we continue the fight.
