Wow. The city is seriously bucking the trend in heath insurance costs. While the rest of us are stilling seeing increases, the city of Ark City has a 9.2 percent DECREASE in premiums. They are getting some kind of longevity incentive for sticking with blue cross over several years. But it must also have to do with employees costing blue cross less.
In fact early reporting is that premiums aren't increasing as much this renewal period. Guess the health care reform haters will have to find another angle of attack.
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3 comments:
Well Dave,
It might just be that a lot of the older public, state and city employees are retiring! (Years of service plus age!)
The older employees are the greater risk, therefore, they require higher premiums! (They get dropped from the cities plan or pay the higher on their own!)
Look around at all the public employees that are retiring in their 50's. They know KPERS is going to have to change - so they want to lock in their benefits NOW!
Besides that they can still work and get benefits elsewhere and even start another retirment plan!
How's that for an attack?
What makes you think it's health care reform that is causing this to go down? If that's the case why is GE's health insurance going from basically zero out of one's pocket to $5,000 to $8,000 out of pocket? Is it that awesome health care reform? Answer please.
Considering about three years ago BC/BS increased the City's premiums by 20% and they went up 5% last year this is good news.
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