[Madison, Wis...] The Joint Finance Committee followed through on its plan to reject Gov. Scott Walker's self-insurance proposal on Thursday, instead directing the Group Insurance Board (GIB) to come up with $63.9 million in savings within the current health insurance system.
Walker's budget proposed the switch to self-funded health insurance for state employees, where the state would collect premiums and pay claims itself, rather than go through the current network of private HMOs. GIB estimated the switch would have saved $60 million over the biennium. Full Story....Here