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County Executive Announces Initiative for Shared Services Health Consortium

Posted: Wednesday, May 16, 2018 10:02 AM

A new shared services proposal being announced by Albany County Executive Daniel P. McCoy could potentially lead to $3 million in annual taxpayer savings for health care costs. This is the second initiative being announced by the County Executive as part of an eight-point plan adopted by the Albany County Shared Services Panel to make municipalities more efficient and less costly.

As part of the Eight-Point Countywide Shared Services Plan, the County is taking action today by inviting all cities, towns, and villages throughout Albany County to commit to participate in a health insurance consortium that would help to maintain benefits for municipal employees while driving down the costs of everything from prescription drugs to hospital stays that many families rely on.

“Our hardworking families and retirees that have served our municipalities deserve the peace of mind that comes with quality health insurance,” said County Executive McCoy. “I am proud of this comprehensive proposal that will not only drive down premiums and deductibles in the future, but also reduce the burden on taxpayers. Thank you to those municipalities who have already committed to participating and I hope others will follow suit.”

Many municipalities are seeing a spike in costs for fringe and other benefits that are far outpacing salary growth. If cities, towns and villages of Albany County seek health insurance in the market as a collective unit, their buying power increases and municipal employees will ultimately see their premiums and deductibles go down while maintaining the quality of their benefits that they currently have.

Many municipalities have already agreed to participate in the consortium’s development stage including the City of Watervliet, the Villages of Altamont, Voorheesville, and Menands, and the Towns of Berne, Bethlehem, Coeymans, Green Island, Guilderland, Knox, New Scotland, and Westerlo. All participating members are taking steps to increase access to affordable health insurance for municipal employees, retirees and their families.

This latest initiative comes after County Executive McCoy announced the new Countywide Centralized Shared Equipment Program last week which would encourage the sharing of specialized municipal equipment through an interactive database and could lead to $525,000 in savings each year. Other proposals seek to reduce costs through energy efficiency projects and the consolidation of vehicle repairs.

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Albany County ExecutiveDaniel P. McCoy