Franklin County raises health insurance premiums by 47% for employees
What happened
The Franklin County Fiscal Court voted 6-1 to raise health insurance premiums for county employees by 47%. This increase, which takes effect January 1, means some employees could pay between $104 and $250 more monthly. County Judge-Executive Michael Mueller stated that Anthem Blue Cross Blue Shield was the only company willing to insure the county.
From wkyt.com
Why it matters
The county cited financial constraints, saying it could no longer absorb all costs for single plans. The decision reflects the county's reliance on Anthem as the sole provider for its employees.
From wkyt.com
Who's involved
- AnthemSole health insurer for Franklin County employees
- Franklin CountyCounty whose employees' insurance premiums were raised
- Michael MuellerCounty Judge-Executive of Franklin County
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- AnthemSpeculative
Anthem might see increased revenue from the county contract due to the mandated premium hike.
- Franklin CountySpeculative
Franklin County could face strain on its operational budget as it absorbs less of the insurance cost.
Keep exploring
The entities involved
-
Anthem
insurance company
Nothing else this week.
-
Franklin County
county in Kentucky, United States