Special Board of Aldermen Public Hearing Page 5
Fred Teeboom
Is it paid to be self-insured?
Mayor Donchess
Yes, definitely.
Fred Teeboom
Do you have the numbers on that?
Mayor Donchess
We can have Mr. Budreau who is the personnel person come up and discuss that but | think we
believe we saved millions of dollars as a result of being self-insured.
Fred Teeboom
I'd like to see it. I’ve never seen the percent.
Mayor Donchess
Because a health insurance company is going to be paying the same claims. It’s just that they will
have a margin of error and profit on top of the claims that they pay out. The benefits of being self-
insured are considerable.
Fred Teeboom
$4 million.
Mayor Donchess
| think Mr. Budreau can compare us to some other municipalities where we do pretty well as
compared with what other people are paying. | don’t know if you want to have him address that now
or when the personnel comes up. He can come up now and do that if you want.
Fred Teeboom
Let him do that now. I’m not going to stick around. I’m not worried about the little line items. I’m
interested in the big ticket items.
Director Budreau
I’m Larry Budreau the Human Resources Director for the city. What question would you like me to
address?
Fred Teeboom
Explain to me on page 21 you see the benefits...
