Anchorage School District The Search for High Value
- Slides: 10
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 • 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/Retiree Life Cycle Alliances ASD OMB Page 2 4 Oct 2013
State Foundation Formula Basic Demographics (FY 14 Projections) Kenai JNU FAI Mat. Su ANC Source: Legislative Finance Division, FY 14 Projection of K-12 Funding, August 2013 ASD OMB Page 3 4 Oct 2013
History of Educational Investments in Anchorage K-12 Education Investment Levels (2012$/student ADM, cpi-u adj. ) ASD OMB -30 years -20 years Source: ASD Audited CAFRs Page 4 4 Oct 2013
History of Educational Investments in Anchorage Compare Cost Drivers – Real Compound Annual Growth Rate (2012$/student baseline) Source: ASD Audited CAFRs ASD OMB Page 5 4 Oct 2013
Educational Investments in Alaska Medical Care Cost Driver Effects All Sectors and Is Well Above Benchmarks Source: MAFA Memo to Alaska Health Care Commission ASD OMB Page 6 4 Oct 2013
Education Investments Benchmarks Considerations in Responses to Excessive Medical Cost Inflation Sources: Mc. Kinsey (2010), ASD OMB Analysis ASD OMB Page 7 4 Oct 2013
Educational Investment in Anchorage Current 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 ASD OMB Page 8 4 Oct 2013
Educational Investments in Anchorage Near Term Strategic Realignment in Response to ASD Cost-Driver Analysis Bonus + 1% ASD OMB Migrate medical benefits from ½ to ¾ FTE Page 9 Eliminate waiver payments; Freeze medical 4 Oct 2013
High Value Health Coverage Opportunities Distribution of Cost/Value across the covered population Enhanced Wellness Reference Pricing Employer Coalition(s) Bundled Pricing ASD OMB Page 10 4 Oct 2013
