Per the letter, there are “several critical issues with these rate increases,” including that they are “too high,” “unnecessary,” “unethical” and lack transparency: Too high: These increases far exceed annual inflation and follow massive, unprecedented premium hikes in 2024, where one health plan saw premium increases of almost 200%. Unnecessary: The UC is one of the wealthiest university systems in the country, bringing in billions of dollars every year. It pays its health center directors as much as $2 million per year, while many UC workers struggle to get by in an increasingly expensive state. Unethical: UC is increasing rates by more than it needs right now in order to avoid State rate caps that will go into effect next year. Lack of transparency: UC’s healthcare premiums are negotiated and set in secret with no direct input or participation by the employees most impacted by these decisions. When UC negotiates UC Health premiums, it is negotiating with itself, and there is no consumer protection.

Read full article [here].
by Monica Stark, The Davis Enterprise.

Posted: November 2nd, 2024, by: admin. Categories: . Awaiting Comments.