The State Health Plan will run out of money to pay claims March 31st, unless state lawmakers come up with as much as $300 million for the plan soon. And that won’t come close to solving the whole problem, according to Mark Trogdon with the fiscal research staff of the General Assembly, who is briefing legislators now.
Trogdon says that the health plan faces a $1.2 billion shortfall over the next two years if current premiums and benefits levels stay the same.
The plan covers 666,809 state employees, dependents and retirees. More later in today’s Fitzsimon File.