Here’s our latest working paper—Part II in a series on Miami’s health plans. (The earlier paper focused on gaps in coverage, such as the fact that there’s no limit on out-of-network costs for Miami employees.) In this paper, you’ll find out that
- Miami employees generally spend more on health insurance coverage than employees at other Ohio public universities and public employees in Ohio overall.
- Miami employees pay a considerably larger share of the cost of health plan premiums than Ohio public employees overall and Ohio college/university employees.
- For Miami employees earning $75,000/$125,000, the premiums under both of Miami’s health plans are uniformly the highest. Employees at these salary levels pay hundreds of dollars more per year for individual coverage under both plans and thousands more for family coverage than employees at peer institutions.
Miami employees, generally changes in our benefits (usually reductions, these days) are announced over the summer. Watch your email.
Did you know?
- Compared to the health plans of other Ohio public universities, Miami University’s plans are unusually harsh in the extent to which they penalize employees who receive health services from non-network providers.
- Compared to our state peer schools, Miami University is a complete outlier in failing to place any cap on employee expenditures for non-network care.
- Even when just considering services received within-network, Miami’s plans generally load more expense onto employees than the health plans of our Ohio public peer institutions.
Learn more in our just-issued Working Paper: Report on Miami University Health Plans. Many thanks to David Walsh, Associate Professor in the Department of Management, FSB, who researched and wrote the paper.
Our chapter has begun commissioning a series of working papers on the state of Miami. The first, on Miami University Economic and Financial Trends, is by economics professor James Brock. The trends are worth noting.
As a comparison, bear in mind that the Consumer Price Index rose by 48% in the last ten years. Meanwhile, at Miami:
- Total costs in the President’s, CAS Dean’s, and FSB Dean’s offices were rising much faster: 100%, 367%, and 300% respectively.
- Total faculty numbers increased by 10% over 10 years, but administrative employees grew by 68%.
- Over the same period, tenure-track faculty as a percentage of total faculty declined by 10%.
- Intercollegiate Athletics spending went up by 73%.
- Miami is paying 600% more interest on its debts than it was ten years ago.
How can Miami stay stable and sustainable if these trends continue? There’s much more at the link.
Many thanks to Professor Brock for gathering the data.
*Note: The original version of this post said that “salary costs” in several upper administrative offices were rising much faster than the Consumer Price Index. We have corrected the error at the request of Professor Brock.