KBRA Releases Research Report, “Government Employee Health Costs Show Moderation”

NEW YORK--()--Kroll Bond Rating Agency (KBRA) publishes a commentary on state and local government spending for employee health insurance. The data, which is published annually by the Office of the Actuary at the Centers for Medicare and Medicaid Services (CMS), projects state and local government spending for employee health insurance to increase by 4.3% in 2017, after a similar 4.4% increase in 2016. Employee health insurance cost for state and local governments increased an averaged 8.1% from 2000 to 2016, outpacing the growth in primary government revenues. While the projected 2017 spending is more moderate, the growth rates continue to far exceed inflation.

KBRA views the more moderate projections with cautious optimism but maintains the view that healthcare cost management will be an enduring challenge for state and local governments.

To access the full report, click here.

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About KBRA and KBRA Europe

KBRA is a full service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.

Contacts

Kroll Bond Rating Agency
Analytical Contacts:
Patricia McGuigan, 646-731-3350
Director
pmcguigan@kbra.com
or
Paul Kwiatkoski, 646-731-2387
Managing Director
pkwiatkoski@kbra.com
or
Andrew Clarke, 646-731-2380
Managing Director
aclarke@kbra.com

Contacts

Kroll Bond Rating Agency
Analytical Contacts:
Patricia McGuigan, 646-731-3350
Director
pmcguigan@kbra.com
or
Paul Kwiatkoski, 646-731-2387
Managing Director
pkwiatkoski@kbra.com
or
Andrew Clarke, 646-731-2380
Managing Director
aclarke@kbra.com