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Brown Cafe UPS Forum
UPS Union Issues
FIREWORKS in the Southwest over Andy Ms "carve-out!"
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<blockquote data-quote="Inthegame" data-source="post: 2614726" data-attributes="member: 37112"><p>In a nutshell...</p><p></p><p>TeamCare has 22 months of reserve today (Y/E 2016) and had 22 months of reserve before the UPS conversion, however monthly claims paid out have risen over 16%. Without some brakes on claims, the reserve would be declining. Thoughtful trustees had the good sense to initiate a very modest deductible, after being convinced by studies that show more responsible health care consumption from plans with deductibles (in most plans, much higher). </p><p>This reserve then can be invested for another source of funding for the plan, and 2016 had decent ROI numbers.</p><p>TeamCare has been fortunate to lessen the biggest impediment plans are facing as they've kept the RX cost increases modest as their pool has increased, allowing higher discount rates.</p></blockquote><p></p>
[QUOTE="Inthegame, post: 2614726, member: 37112"] In a nutshell... TeamCare has 22 months of reserve today (Y/E 2016) and had 22 months of reserve before the UPS conversion, however monthly claims paid out have risen over 16%. Without some brakes on claims, the reserve would be declining. Thoughtful trustees had the good sense to initiate a very modest deductible, after being convinced by studies that show more responsible health care consumption from plans with deductibles (in most plans, much higher). This reserve then can be invested for another source of funding for the plan, and 2016 had decent ROI numbers. TeamCare has been fortunate to lessen the biggest impediment plans are facing as they've kept the RX cost increases modest as their pool has increased, allowing higher discount rates. [/QUOTE]
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