State paid $207M too much for health care Med plans'profits too healthy, report says | StarTribune.com

State paid $207M too much for health care Med plans'profits too healthy, report says | StarTribune.com:
"The Segal Group said the state should have been collecting its own financial information to set rates, not relying on the plans’ self-reported summaries.

Administrative costs did not seem to be put under “any critical or diligent review,” according to the report. Auditors also found problems with the analysis of historical data that led to “systematic overstatement” of cost trends."