“When you call WEA Trust, not only do they know how to say Oconomowoc, they know where it is on a map,”
The company insured the vast majority of school districts before former Gov. Scott Walker’s Act 10 in 2011 blocked unions from negotiating over benefits, which led school districts to shop for cheaper alternatives, resulting in a stark revenue loss for the company. Conservatives heralded the change, saying it saved school districts tens of millions of dollars around the state.
“For years taxpayers across the state were getting a raw deal,” Walker said in a 2012 press release. “Collective bargaining stymied competition for benefits in the health insurance market, and instead directed property tax revenue to those affiliated with big government union bosses,” adding taxpayers were saving millions with the changes he enacted.
WEA Trust has since expanded to cover state, county and municipal workers.
WEA Trust spokesperson Steve Lyons said Act 10 had nothing to do with the company’s decision to pull out of the health insurance market in Wisconsin.
2014: 25.62% of Madison’s budget to be spent on benefits.
