HealthTrust: $13.9 million in 2012 surplus will go back to members
Towns, cities, school districts and counties that provide employee health insurance through the former Local Government Center are about to get some of their money back.
HealthTrust Inc. announced yesterday it would return $13.9 million in 2012 surplus to its members.
“Due to the continuing reduction of the rate of growth in the cost of healthcare, our aggregate medical and dental costs came in below projections in 2012,” said Executive Director Peter Bragdon in a news release.
Whether the LGC – which operated two risk pools, HealthTrust and Property-Liability Trust, until a Sept. 1 reorganization left both technically independent – for years improperly retained surplus money that should have been returned to its members is one of the central issues in the group’s long-running legal battle with state regulators.
A year ago, the LGC announced it would return $20.8 million in 2011 health insurance surplus to its members. Earlier this year, it returned $33.2 million in 2010 HealthTrust surplus in accordance with an August 2012 administrative hearing officer’s order.
The LGC appealed the order to the New Hampshire Supreme Court, where the case is pending.
(Ben Leubsdorf can be reached at 369-3307 or firstname.lastname@example.org or on Twitter @BenLeubsdorf.)