Wisconsin’s State Retiree Health Insurance costs jumped $142 million

The cost for insurance for former state of Wisconsin workers jumped by almost $143 million in the past year, and now costs more than $680 million annually.

A new audit from the Legislature Audit Bureau looked at Wisconsin’s State Retiree Health Insurance program.

“Based on [the] valuation and the adjustments, the total liability for the program was $682.5 million as of June 30, 2019, an increase of $142.8 million from June 30, 2018,” the audit states.

Brett Healy with the MacIver Institute says the increased price tag should be shocking.

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