The State Employees Group Health Self-Insurance Trust Fund will lose money this fiscal year, state economists predicted Monday, but not as much as their previous June estimate indicated.
The trust fund’s expenses will outpace revenue for the 2012-2013 fiscal year by $72.3 million, down from the June estimate of $100.3 million. The shortfalls increase in the coming years, depleting the trust fund’s cash reserves and producing a negative trust fund balance of $128.6 million in 2014-2015.
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