June 29, 2010

Joplin Swallows Self-Insurance Pill to Offset Health Costs

From today’s Joplin Globe:

JOPLIN, Mo. — Joplin will go to a self-funded form of health insurance for city employees to try to save money rather than buy insurance from a major carrier, the City Council decided Monday night.

The move may not result in immediate savings, but coverage could cost less over a period of years, the council was told by representatives of a Chicago consulting firm the council hired to give it options to consider.

The full article is here.

As a side note, the City of Neosho and the Neosho R-5 School system are both on a self-insured plan and have been for some time.

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