State GIC

Articles about the State GIC that may be useful to Massachusetts retirees

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.

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.

GIC TO SAVE $1.29 BILLION OVER 5 YEARS

Cost Containment RFP Seeks To Reshape Health Plans

OCTOBER 11, 2012: Phase 2 of Health Care Reform is now well underway in Massachusetts, with the state’s Group Insurance Commission (GIC) delivering the opening salvo in the battle over healthcare cost containment.

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.

Health bill signed amid hopes for $200b in savings

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.

LEGISLATURE PASSES HEALTHCARE PAYMENT REFORM BILL

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.

HEALTHCARE COMMISSION MEETS

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.

RETIREE HEALTHCARE COMMISSION TO MEET

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.

HEALTHCARE COMMISSION CLOSELY WATCHED

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.

GIC CONTRACTS UP FOR RENEWAL IN FY14

Will Blue Cross Submit Bid?

JULY 2012 VOICE: The start of Fiscal Year 2013 marks the last remaining contract year for the state Group Insurance Commission’s six health insurance carriers. All told, the GIC offers a selection of six different Medicare and eleven different non-Medicare plans.

Under state law, the GIC cannot extend its contracts beyond five years. Typically, the agency will award a three-year contract with the option for two one-year extensions.