BIDS & Agenda for Tonight's Warwick City Council Meeting 5/15/2017- HEALTHCARE.. the Whale in the Chamber.
Full City Council agenda can be found by clicking here.
BID docket.. and keep scrolling to more on the the School healthcare BID (below.)
The Warwick School Department medical and dental insurance proposal report can be found starting on page number 17. Warwick schools are looking for a $1.586 million/8% increase for medical and dental coverage for their active and retired employees. If the City stays with the Inter-local Trust as their medical insurance provider, it would be looking at a $1.3 million increase.
Currently..."the City and schools cover 2,480 employees and retirees and the annual spend is approximately $38,996,615. This equates to $15,724 per covered employee per year."
The City covers 1172 active & retired employees, the Schools cover 1308.
Warwick taxpayers are looking at $41+ million just this fiscal year alone, in medical insurance funding for active and retired City and School employees.
This does not include the costs of healthcare for future City retirees which is bankrupting the city. These future healthcare costs, today, (for City retirees only- UNLESS SOMETHING CHANGES & CHANGES FAST) totals approximately $300 million!
It's important to understand the difference in healthcare coverage between the City and the Schools.. take the time to read this general overview (below). City retirees are fully covered 100% which includes their spouse, for life-- School retirees are not. They roll into a Medicare plan at age 65 and their spouses are not covered.
The City needs to be in a self-funded plan with all City retirees rolling into a Medicare 65 plan and all spouses cut off from coverage.