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Showing posts from November, 2012

November Board News

(The text below is reprinted from the news release by STRS on 11/16/12.)

Retirement Board Resumes Health Care Strategic Planning Discussions At its November 2012 meeting, the Retirement Board reviewed the three primary goals of the health care strategic plan:

·Establish Medicare as the health care program's cornerstone, to help the largest number of retirees for the longest period of time;
·Achieve 30 years of solvency for the health care program by 2016;
·Extend forecasted solvency to 65 or more years by 2025.
The Retirement Board discussed ways to extend the solvency of the Health Care Stabilization Fund, as health plans around the nation wait to see just how the Affordable Care Act (ACA) will shape the industry. One key issue surrounding the ACA is if and how the health care exchanges will develop in Ohio. These exchanges are expected to provide guaranteed issue coverage for pre-Medicare individuals. In most health care plans, pre-Medicare individuals are now subject to preexisting c…