Guam - Governor Eddie Calvo has vetoed Bill #81, an "Act to Provide Health Insurance to Government of Guam Employees and Retirees for Fiscal Year 2014."
The measure was sponsored by Finance Chairman Senator Ben Pangelinan and Majority Leader Rory Respicio.
In his veto message to Speaker Judi Won Pat the Governor asked "How much money must taxpayers lose and how much time must pass before the finance chairman ends his political with hunt?"
Instead of a bidding process that settles on one provider, Bill #81 would authorize multiple providers and provide GovGuam employees with a choice of various health plans offered by different, pre-qualified, health insurance companies. The authors stated aim is to lower health insurance costs by stimulating competition.
However, the Governor said the proposal would not lower costs and accused Senator Pangelinan of authoring "meddlesome and political legislation" that "will end up costing government of Guam employees and the taxpayers of Guam even more money.""By removing negotiations and simply awarding a contract to everyone who qualifies, the government loses the ability to negotiate the best rates," argues the Governor.
He concludes that Bill #81 is "fiscally irresponsible" and "mathematically and actuarially impossible."