Description: Report on the findings by the private actuarial firm that contracts with the Joint Legislative Audit and Review Commission on the peer review of the actuarial calculations used for the State Health Insurance Program, including (1) a review the reasonableness of actuarial methods, and accuracy of reports produced by the actuary; (2) an assessment of the data and methods used to establish rates; (3) a review and comment on actuarial models used to estimate the impact of plan changes, develop rates and budget projections, and monitor claims experience; and (4) recommendations concerning the appropriate target level of cash balances for the fund.
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