MMSD will spend $61 million on health insurance this year.
One of Every Six Dollars is Spent on Health Insurance in the MMSD budget.
Health Insurance premiums account for 16% of the MMSD budget.
Over 3,900 employees are enrolled in the MMSD plan
The MMSD plan design lacks common features that promote efficient utilization – the plan has no deductibles, no co-insurance requirements, and no employee premium contribution
Our multi-year claims experience (medical loss ratio) does not suggest that MMSD should expect less-than-market pricing
Medical trend (inflation) continues to grow at 7-8% annual increases (including 3-4% ACA fees)
Health insurance costs have long been an issue in the Madison Schools.