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6~4 There were no claims for this meeting. A motion was made by Councilman Dolen with a second by Councilman Clark to adjourn the meeting. Motion carried 4-0. The next regular scheduled meeting of the Mooresville Town Council will be Tuesday, September 7, 2004, at 6:30 P. M. at which time the 2005 Bud et will be al Adopted. President Tom Wartben, ATTEST; '+ r ,,. ;' Sandra R. Perry, Clerk-Treasurer August 30, 2004 A special meeting of the 1Vlooresville Town Council was called for the purpose of approving Health insurance policy renewal for Monday, August 30, 2004, at 2:00 P. M. at the Mooresville Town Hall. Town Council. members. present were: President Tom Worthen, Troy Bryant, John L. Clark, Toby Dolen, and Eric Shields. No members were absent. Town attorney Tim Currens was .present. No minutes were available for approval. 'Dean Mayfield, Mayfield Insurance, went thru the book from CoreSource for aten-month period, September 1, 2003 through June 30, 2004. Page one was a breakdown of expenses. The main increase was' in prescriptions medical expenses. Page two showed number of claimants, the net claims paid, and. the average amount per claim. of $2,324.42. Prescription drugs not included. Page three had a graph showing the average number of claims processed per month of 1$0 and net amount paid for medical of $397,475.80 averaging $220.33 per claim- Page 4 gave the annualized administration costs far CoreSource that will go up $1,500 a month. The Sagamore Network costs are the same. Page 5 shows the percentage of where the money was spent. The network use was much better, generic drug use was much higher, outpatient surgery was 18.7 °I°, but the inpatient surgery was law, and drugs were 25.5°Io of the total pie. Page 6 shows the amount of claims processed each month. Page 7 compared 2002/2003 to 2003/2004 of claims payments. We are higher in the 2003/2004 year. Page 8 shows the amount of the claixns paid thru June 2004 and Page 9 lists the top twenty providers that were used, only two were not in our network. Page l0 gives the net PPO savings of $178,674.70. Page 11 list`s the top eleven claimants that constituted about fifty percent of our total. A couple of the conditions will be ongoing. Mr. Mayfield went to two different third party insurers. St. Francis wanted us to change to their network. There were two or three declines on fully insured plans. The council asked why CoreSource feels there would be almost a $300,000 increase in the maximum liability. Mr. Mayfield said it was because of the ongoing conditions. He also said he would be shocked if the Town hit the minimum liability let alone the higher maximum the insurance company had set, $20,000 at $1,202,919.00 or $25,000 at 1,23$,345.00.