✓State Employee and Retiree Health Care Savings – the administration has negotiated over $900 million in health care cost savings. ✓ Estimated $650 million in collectively- bargained cost savings with employees through FY23. ✓ An additional $260 million in savings achieved through negotiated insurance rates and contract terms with providers. —- Behind the fancy savings language, I’m reading more delayed payments for health providers to state employees and retirees. Possibly higher co-pays or increased insurance payments by employees / retirees. And expectations of clawbacks in the next labor union contract. Those 3 items in the summary come to $1.8B. Not quite smoke and mirrors, but not guaranteed. Likely a double whammy to existing state employees.