Health Care Final 11-16-11 - 9.1 - Rate of PEBB Premium Increase Compared to National benchmark

9.1 - Rate of PEBB Premium Increase
How do PEBB premium cost changes compare with other employers'?

Operation in progress...

Data Notes
Data Source:	PEBB Actuarial Analysis.
Measure Definition:	Projected 2012 percentage increase in PEBB premium rates; composite of plan rate increases weighted by 2010 plan PEBB enrollment
Target Rationale:	Mercer Employer Survey. This large-scale nationwide survey is considered the national benchmark.
Link to Agency Strategic Plan:	Cost-effective purchasing/state as prudent buyer
Relevance:	Indicates State's ability to secure advantageous premiums compared with other comparable purchasers
Notes: (optional)
Also Available
Action Plan:	No
Extended Analysis:	No

The CY2012 composite rate increase for Public Employees Benefits Board (PEBB) participating health plans is 4.5% compared with a 13% increase for CY 2010. The 2012 rate is a composite of projected changes in plan rates and the size/risk mix of the covered population. The measure is driven by a variety of variables, such as underwriting factors and contract rate negotiations.