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Conservatively Speaking

State Senator Mary Lazich (R-New Berlin) represents parts of four counties: Milwaukee, Waukesha, Racine, and Walworth. Her Senate District 28 includes New Berlin, Franklin, Greendale, Hales Corners, Muskego, Waterford, Big Bend, the town of Vernon and parts of Greenfield, East Troy, and Mukwonago. Senator Lazich has been in the Legislature for more than a decade. She considers herself a tireless crusader for lower taxes, reduced spending and smaller government.

Audit Bureau Releases Report on Health Insurance Risk-Sharing Plan Authority

The non-partisan Legislative Audit Bureau released an audit today about the state’s Health Insurance Risk-Sharing Plan (HIRSP) Authority. Created during 1979, HIRSP is a program that “provides medical and prescription drug insurance for individuals who cannot obtain coverage in the commercial health insurance market because of the severity of their health conditions.”

The audit reveals HIRSP had a net asset balance of $13.7 million Dec. 31, 2010, more than the required $12.6 million balance.

 

In addition, the organization that oversees the program, the Health Insurance Risk-Sharing Plan Authority, is increasing premiums beginning July 1 to meet unexpectedly high claim and medical costs.

 

Thank you to the Audit Bureau for another excellent audit. Here is a link to the audit: http://legis.wisconsin.gov/lab/reports/11-9full.pdf

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