Massachusetts Group Insurance Commission Gets $240M State Funding Boost for 2025

Massachusetts' Group Insurance Commission (GIC), responsible for health insurance coverage of 460,000 public employees, received an emergency $240 million funding boost from the state to cover claims through the remainder of the 2025 fiscal year. This infusion aims to stabilize the commission's finances amid ongoing claims expenses. The GIC operates as a quasi-independent public entity managing extensive employee health benefits.