New Hampshire Association Repaying $17M
A nonprofit that manages New Hampshire’s public employees’ health insurance risk pool is repaying the health insurance pool $17 million diverted to support a workers’ compensation program.
The Local Government Center’s board announced Thursday it will repay its HealthTrust the money taken over a six-year period to support the program with a loan.
Board chairman Mark Halloran said the board was concerned in 2000 about the affordability and accessibility of workers’ compensation coverage for communities and expanded the LGC’s risk pool programs to include the coverage. In 2004, the board voted to use about 1 percent of employer contributions to the HealthTrust to support workers’ compensation.
Halloran said the appropriateness of using the money has been questioned and the board now believes it should repay it.
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