In: Operations Management
Many states self-insure for health care and other things. The government, often along with contributions from employees, funds the insurance plan and negotiates a contract with some company such as Blue Cross to oversee coverage. What kind of fund deals with this sort of activity?
It is true that many states self-insure for health care and other things. And in many states government often along with contributions from employees, funds the insurance plan and negotiates a contract with some companies to oversee coverage. In order to fund such activities a special trust fund is formed to allocate money. Several states form Employee Trust Funds (ETF) for self-insure their state employees. Example of such trust funds for states self-insure for health care is The Wisconsin Department of Employee Trust Funds (ETF).