Meeting Called to Order by Thomas Woodruff
Bill Thompson presented the monthly dashboard report on financials. The
financials indicated that paid claims and fees were continuing to run better
than originally budgeted for the fiscal year and that at the end of the year the
accounts should have a surplus. Medical trends are below what was originally
forecast and pharmacy costs have also remained under control. Cost savings were
realized through increase in the 90 day fill and utilization of mail order and
the maintenance drug network. Committee requested a deeper look at cost
difference of specialty drugs paid under medical versus pharmacy. Staff reported
that open enrollment was underway and all fairs would be completed by June 7th.
A status report on partnership was provided with two groups joining for 7/1/13.
Tom provided an update on the work being done on the SIM project.
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