Mooneyham: Painless solution for health plan woes
Wednesday, July 23rd, 2008
By Staff
Wednesday, July 23, 2008
State legislators often look for an April surprise, a boost or sudden downturn in state tax collections that can make putting together a state budget easier or more burdensome, depending on the result.
This year, legislators got a July surprise.
They learned that a surplus projected for the State Health Plan, which insures state employees and retirees, would instead turn into a shortfall that could reach $140 million.
The financial reversal, and the fact that legislative leaders seemed to learn about it only recently, led to the firing of George Stokes, the plan's administrator. (Stokes suggests that his firing is improper, that the finances aren't in such poor shape.) (more…)
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