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Anchorage School District The Search for High Value Benefits to Sustain Competitive Compensation

Anchorage School District The Search for High Value Benefits to Sustain Competitive Compensation. Prepared by Anchorage School District Office of Management & Budget 2013 State of Health Reform Conference Friday, October 4. Overview. Quick Financial Overview

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Anchorage School District The Search for High Value Benefits to Sustain Competitive Compensation

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  1. Anchorage School DistrictThe Search for High Value Benefits to Sustain Competitive Compensation Prepared by Anchorage School District Office of Management & Budget 2013 State of Health Reform Conference Friday, October 4

  2. Overview • Quick Financial Overview • Anchorage School District Health Coverage Challenges • Review of basic cost drivers/allocations • Health Coverage/Medical Care price escalation challenges • K-12 Education Investment Benchmarks • Anchorage School District Response to Cost Driver Analysis • Health Coverage Opportunities • Consumer Value • Employer Value • Employer/Retiree Life Cycle Alliances

  3. State Foundation Formula Basic Demographics (FY14 Projections) Kenai FAI JNU MatSu ANC Source: Legislative Finance Division, FY14 Projection of K-12 Funding, August 2013

  4. History of Educational Investments in AnchorageK-12 Education Investment Levels (2012$/student ADM, cpi-u adj.) Source: ASD Audited CAFRs -30 years -20 years

  5. History of Educational Investments in AnchorageCompare Cost Drivers – Real Compound Annual Growth Rate (2012$/student baseline) Source: ASD Audited CAFRs

  6. Educational Investments in AlaskaMedical Care Cost Driver Effects All Sectors and Is Well Above Benchmarks Source: MAFA Memo to Alaska Health Care Commission

  7. Education Investments BenchmarksConsiderations in Responses to Excessive Medical Cost Inflation Sources: McKinsey (2010), ASD OMB Analysis

  8. Educational Investment in AnchorageCurrent Realignments in Response to Anchorage Cost-Driver Analysis and Classroom Effectiveness Assessments - Strategic Pivots to Realign on High Value Direct Classroom Instruction Source: ASD OMB Analysis

  9. Educational Investments in AnchorageNear Term Strategic Realignment in Response to ASD Cost-Driver Analysis Migrate medical benefits from ½ to ¾ FTE Eliminate waiver payments; Freeze medical Bonus + 1%

  10. High Value Health Coverage OpportunitiesDistribution of Cost/Value across the covered population Enhanced Wellness Reference Pricing Employer Coalition(s) Bundled Pricing

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