Controller's Report

Lower Corporate Benefits Spending by Fine-Tuning Our Plan

Challenge: Keep the increase in our HMO premiums near 8 percent.

Action: First, we adjusted our copayment structure, raising the cost for doctor visits from $17 to $20. Then, we increased copayments for prescriptions—$10 for generic, $25 for formulary brand name, and $42 for nonformulary brand name—and raised our per-admission copay for hospitalization to $250. This helped reduce the cost of renewing our insurance from a 10 percent…