Meeting Called to Order by Thomas Woodruff
January 7, 2013
Bill Thompson presented the monthly dashboard report on financials. The financials indicated that the year continues to fall in line with expectations. Tracy Dunn presented the budget review as of December 15, 2012. Bill Thompson illustrated the projected costs to the State of CT employee benefit programs of compliance with the Patient Protection and Affordable Care Act (PPACA) through 2018. The Committee and Milliman will continue to discuss fiscal impacts, particularly for FY 2014 budget planning. Tom informed the Committee that the budget was reduced by 6.6 million due to the mitigation. CVS Caremark presented policy year 2012 key findings and recommendations to potentially lower costs.
The HEP bonus payments are anticipated for distribution to eligible employees through the February 22, 2013 payroll checks.
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