Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

TexasTowelie

(117,533 posts)
Thu Jun 2, 2022, 12:10 PM Jun 2022

Aetna wins state contract for lower-cost state employee health insurance, cutting into sizable CT

Aetna wins state contract for lower-cost state employee health insurance, cutting into sizable Connecticut’s public debt


HARTFORD — A contract with Aetna to become the state’s Medicare Advantage administrator for the state health plan that will save $400 million over three years is another blow against Connecticut’s sizable debt, Gov. Ned Lamont said Wednesday.

The state faces daunting challenges to reduce long-term debt bonded for capital projects, unfunded pensions and other benefits. Lamont, seeking a second term this November, used a news conference outside the state office building to announce the welcome cost savings.

The contract that Aetna won in a competitive bid covers 57,000 Medicare-eligible retirees and their dependents and is estimated to reduce the state’s unfunded liability by $7.5 billion. Medicare Advantage is a popular health insurance plan that provides Medicare benefits through a private sector health insurer.

Lamont said he’s been “fixated” on fixed costs, such as debt hindering economic growth that he compared to “running the road race with cement overshoes.” The state is paying down pension obligations and is spending less as a percentage of the budget on bonded debt, he said.

Read more: https://www.courant.com/news/connecticut/hc-news-aetna-state-retirees-medicare-advantage-20220601-golkv6f7vfcbrm2bybyeafoksu-story.html
1 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Aetna wins state contract for lower-cost state employee health insurance, cutting into sizable CT (Original Post) TexasTowelie Jun 2022 OP
That's me in that group. Hope it won't mean any changes. Tomconroy Jun 2022 #1
Latest Discussions»Region Forums»Connecticut»Aetna wins state contract...