OK: Agencies Lose Millions In Potential Savings With Insurance Reform Veto

OK: Agencies Lose Millions In Potential Savings With Insurance Reform Veto

Oklahoma City, OK (CompNewsNetwork) -  Numerous agencies, including some of the state’s largest, were set to save millions from legislation that would have streamlined state and education employee health insurance in an effort to lower costs for both the state and workers.

Unfortunately, a veto of that legislation has left many agencies—who built those anticipated savings into their fiscal year 2011 budgets—looking for ways to fill those holes. The veto also leaves state agencies, school districts and other entities that use HealthChoice insurance plans possibly facing as much as $75 million in premium increases if current trends continue …read more