
Happy Open Season, everyone!
OPM announced its Federal Employee Health Benefit (FEHB) rate hikes for 2016 FEHB Open Season.
OPM states that the average rate hike is 6.4 percent, which does not sound that bad.
…But the real news is not quite this good- Since none of the ‘averages’ are participation-weighted (that is, they pay no attention to what FEHB plans Feds actually select), the averages provided by OPM, GovExec, and FedTimes are essentially useless.
I’ll give you the only statistic that matters here, the one that applies to 40 percent of Feds. Continue reading