The Public Employees Insurance Agency is doing all right.

The agency’s financial trends have been stable, officials said during a regular update. The big concern is a factor too big for PEIA to control on its own: the universal trouble of increasing costs for medical care and prescription drugs.

“The good news is that the plan fared better than expected during the fiscal year that ended on June 30,” agency director Brent Wolfingbarger told members of the PEIA Finance Board.

“The bad news, however, is that economists are continuing to predict that medical and prescription expenses will increase steadily and substantially during fiscal year, 2027 and future out years.”

Gov. Patrick Morrisey has regularly talked about the likelihood of a special session that could include changes to PEIA,

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