FAQ

 

Q. Will abolishing EBC save the State of Oklahoma 3.854 million?
A. Since both EBC and OSEEGIB self-funded agencies, the State of Oklahoma wouldn't realize any savings. Actually, the State of Oklahoma would actually lose money. Currently the interest of EBC's reserve funds are put into the General Fund at Office of State Finance (OSF) while OSEEGIB invests it's own reserve funds and it keeps the interest.

Q. Does OSEEGIB provide the same services as EBC?
A. Yes and no. See here and here.

Q. How much would the State of Oklahoma save if EBC assumed the duties of OSEEGIB
A. Again, since both EBC and OSEEGIB are self funding agencies, the State of Oklahoma would not directly receive any savings. But since currently the interest of EBC's reserve funds are put into the General Fund at Office of State Finance (OSF) while OSEEGIB invests it's own reserve funds and it keeps the interest, the State of Oklahoma would have the interest of a larger reserve fund.

Q. Why does OSEEGIB need 10 times the budget and 6 times the number of employees to manage 3 times the people?
A. While some of OSEEGIB's employees do handle the insurance area of OSEEGIB's responsibilities, they have many more employees than EBC to manage similar areas

Q. State Employees no longer have a choice because EBC is not doing their job properly
A. Incorrect. EBC is only able to offer HMO's and OSEEGIB. EBC cannot put competitive PPO's into the mix because OSEEGIB is a PPO and the charter only allows OSEEGIB to be offered. EBC is currently working on other ideas to give State of Oklahoma Employees a choice.

Q. EBC's annual budget is 4.8 million!
A. Incorrect. EBC's budget for fiscal year 2003 was 4.8 million, but included in that budget was payment for the Benefits Administration System (BAS) that came online in August of 2002 and was finally accepted in February of 2003. EBC's regular annual budget is approximately 3 million.

Q. According to OSEEGIB, they can add 9 people and absorb a 30% increase in members.
A. With that logic, OSEEGIB should only need 30 people to administrate their members. Yet they have 186 people.

Q. Why is there only ONE bill currently before the legislature to combine State Agencies?
A. That is something you would have to ask Senator Coffee and the other legislators.