Health care reform in Louisiana is bleeding money

health insurance mergers industry care

The reserve fund in the state is rapidly depleting despite widespread changes made to correct it. Louisiana Governor Bobby Jindal’s administration has taken considerable action to alter, improve, and update the health care reform in the state when it comes to the insurance program for public school employees and state workers, but despite this fact, they will still be required to use $88 million from the reserve fund in order to cover the necessary costs for 2014. The Office of Group Benefits requires an additional estimated $7.4 million every month.…

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Health plan reserves for Louisiana state employees shrinks

insurance rates rise

The Jindal administration is blaming the higher cost of claims and declining premiums. It was only slightly more than two years ago that there had been about a $500 million in the health plan reserves for the state employee program in Louisiana, but that has changed considerably over that short period of time. The balance within the insurance fund has now dwindled to an amount that is about half that size. This reserve balance for the health plans is meant to help to cover the medical claims that are made…

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