By Sean Higgins, The Washington Examiner
The Las Vegas Review-Journal has an illuminating story up about the woes faced by members of the Clark County (Nev.) Education Association. It seems the teachers union members have just learned that their health insurance is in serious trouble:
The union-created health trust covering one of the largest employee groups in the state – Clark County’s 17,000 public school teachers – is hemorrhaging money and will be “belly up in 60 to 90 days.”
John Vellardita, executive director of the teachers union Clark County Education Association, made the announcement Tuesday in a closed union meeting. There, members received a spreadsheet detailing the dire straits facing their families’ insurance provider, the Teachers Health Trust, which has an annual revenue stream averaging $148 million.