Trump Talk:LIVE WITH JEFF CROUERE

Saturday, 16 July 2011 12:53
Rainwater Announces Morgan Keegan To Evaluate Louisiana OGB Privatization
Written by 

BATON ROUGE – On Friday, Commissioner of Administration Paul Rainwater announced that Morgan Keegan has been selected through a competitive RFP process to provide financial advisory services to evaluate the Office of Group Benefits and recommend a course of action for administering the office in the best interest of both plan members and the taxpayers.

 

The possible privatization of OGB has been a very controversial proposal and has been opposed by various organizations. Here is the press release from Rainwater’s office:

Once a contract is agreed upon, the financial advisor will, over the coming months, conduct a comprehensive and in-depth analysis of OGB and the health care market, and provide recommendations to the administration as to the proper administrative structure of OGB. If the financial advisor recommends structural changes to OGB, such changes are not anticipated to be implemented until the start of the plan year beginning January 1, 2013.

Any changes implemented would have to comply with the following parameters:

•          Plan members will continue to receive quality service and coverage;

•          Benefits for all plan members, including retirees, will not change, and current eligibility rules for coverage will not change for any plan members as a result of possible further privatization of OGB;

•          Premiums rates, likewise, would be unaffected by such a transition and increases, when they occur, will continue to be reflective of medical market rates, as they are now; and

•          OGB’s administrative oversight will continue, securing the continued success of all the plans.

“This is an important first step in what will be a lengthy, careful, and thorough evaluation process to arrive at the best possible policy for plan members and taxpayers alike,” Commissioner Rainwater said.

OGB provides health coverage for 225,000 government employees, retirees, and dependents. OGB has long used private companies successfully to deliver various health plans, including the most popular plan, the HMO, which covers 155,000 members, and is currently administered by BlueCross BlueShield. The PPO plan, which covers 61,500 people (less than half of those covered by the HMO and 27 percent of OGB’s total), is currently self-administered. Because of this, Louisiana is one of only two states in the country (the other being Utah) whose government basically functions as a health insurance business.

The financial advisor will assist the administration to explore aligning Louisiana with other states by expanding private company delivery to include the PPO as well as the HMO, while continuing to provide high-quality coverage and service to plan members and doing what is best for the taxpayers, who contribute 75 percent toward premiums and the cost of coverage.


 

In addition, the OGB fund balance cannot and will not be diverted for budgetary purposes. Strong restrictions remain in place governing OGB’s fund balance, and it will continue to be utilized just as it is now – solely for the purpose of providing health coverage for plan members.

The financial advisor’s lengthy evaluation would include a competitive Solicitation for Offers from health providers. A detailed proposal would then be presented to the legislature’s appropriation and finance committees, whose members have jurisdiction over OGB, to receive approval for any contract awarded.
 

Bayoubuzz Newsletter - Sign Up Below


For Email Newsletters you can trust


Talk To Us: 

What should U.S. Congress do to prevent default?
(Use your Facebook profile. Login and speak your mind) 


Forum

Also Click here and Join:

Login to post comments
Powered By JFBConnect
  • LABI's Waguespack pokes Edwards tax delay, promotes Louisiana Legislative outlook
  • Louisiana ranked 25th in medical doctors, hospitals
  • Quin Hillyer: Freedom Caucus,hardliners "just Screwed the American people"
  • Trumpcare loss a mere distraction from RussiaGate

wag edwards tweetIn the age of rapid response, social media, President and CEO of the Louisiana Association of Business and Industry took to twitter to apparently poke the Democrat Governor and to promote his own tour of his own legislative package, or legislative outlook tour, beginning today.

Today, Stephen Waguespack of LABI tweeted in response to The Advocate’s Tyler Bridges article that John Bel Edwards would be delaying his release of his tax overhaul package that was scheduled for today.

Read More

doctors wallet hubWith Louisiana's Louisiana legislative session about to commence early April, the state has another ranking to consider--how it ranks for medical doctors.

 

Read More

quin hillyer health 5Have the conservative Freedom Caucus and advocacy organizations such as Freedom Works and Heritage Action "screwed the American people"?

That's the feeling expressed by at least one long-time conservative Republican, who, as millions of others were outraged by the destruction of the Obamacare "repeal" and replacement, on Friday.  

Read More

comey sitThe GOP will likely claim that the bogus “ Assisted suicide counseling” will still be covered since Obamacare remains the law of the land. That’s good news for GOP legislators who planned on voting “yes” on its repeal. The rich, also, should be happy the old law remains because they have wounds that need tending after the mega tax breaks for them that were inserted in Trumpcare went the way of leeching. The failure to repeal, of course, is the Democrats fault. Trump said so, but he has reason to be happy, too. The health care debacle managed, if just for an hour, or two, to deflect attention away from Russia.

Read More

latter-blum2

TRUMP TALK

Trump Talk: Ryancare, Russia, Investigations, Travel ban--with Jeff Crouere

Dead Pelican

Optimized-DeadPelican2 1 1