The boards overseeing medical and dental benefits for educators and public employees in Oregon now have a permanent director.
Faced with rising prescription drug costs, consultants for the Oregon Public Employees Benefit Board gave its directors a list of recommendations at this month’s meetings that could better align PEBB’s benefits with the private sector.
Harder-nosed negotiations between the Public Employees Benefit Board and its insurers should allow the health plan for state workers and university employees to meet the budget limits set by the Legislature for the 2015-2017 biennium.
The Public Employees Benefit Board will have to make do with less than half of their current reserve by 2018 because the Legislature voted at the end of the 2015 session to raid the health plan’s fund of $120 million to cover other expenses in the general fund.
The Public Employee Benefit Board vendors continued to show extreme inflation in the cost of pharmaceutical drugs in reports released Tuesday, a development that could stymie efforts to make healthcare costs sustainable.