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Higher health co-pays for Texas Employees Retirement System participants

The board of the Employees Retirement System of Texas has accepted top health care co-payments for participants as medical expenses go up. Board members cited surprising higher health care expenses and under funding from the Texas Legislature.

The plan provides health insurance for about 5 lakh state retirees and employees and their dependents. The co-payment increase comes as Texas faces a projected budget shortfall as high as $18 billion next year.
The Kaiser Family Foundation, a nonprofit group, said the Medicaid volume would cost the state between $1.2 billion and $2.5 billion from 2014 to 2019, depending on how many newly suitable people sign up for government health insurance. The Kaiser report differed slightly from a state analysis.

The state Agency for Health Care Administration predicted 1.77 million new people would sign onto Florida’s Medicaid program. A record 2.7 million Floridians — nearly 15 percent of the population — are on Medicaid, state-federal health insurance for the poor and disabled. The program costs $19 billion, about 27 percent of the state budget. U.S President Obama’s health care reform will add between 950,000 and 1.4 million people to Florida’s Medicaid rolls, a Washington-based health care association said Wednesday.

The national health law increase eligibility to 133 percent of the poverty line and to latest categories of people, such as childless adults. The transform will add 15.9 million people to Medicaid by 2019, Kaiser said. The federal government will pick up the whole tab until 2016. After that, the states will pick up a section of the costs that is planned to grow to 10 percent in 2020.

This entry was posted on Thursday, May 27th, 2010 at 7:41 am and is filed under Health Insurance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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