MINUTES
AUDIT AND INSURANCE COMMITTEE
BOARD OF TRUSTEES
April 7, 2011
A meeting of the Audit and Insurance Committee of the Board of Trustees of The Trustees of
Purdue University was held in Room 132, University Place Conference Center, IUPUI Campus,
Indianapolis, Indiana at 3:41 p.m. on April 7, 2011.
The following Committee members were present: John Hardin, Michael Berghoff. Trustee
Hardin acted as chair in Michael Birck’s absence.
Also in attendance were Trustees Brouillette, Krach, Lehman, Powers, Spurgeon, Teykl, and
Thompson; President Córdova; Executive Vice President for Business and Finance, Treasurer
Diaz; Senior Vice President for Business Services and Assistant Treasurer Almond; Executive
Vice President for Academic Affairs and Provost Sands; Legal Counsel Benton; and Corporate
Secretary Behringer.
The absence of Trustee Michael J. Birck was approved.
I. BLUE RIBBON HEALTHCARE COMMITTEE REPORT
The Committee received a report from the Blue Ribbon Healthcare Committee. This
committee of faculty and staff, including the regional campuses, was appointed in Fall
2010 and charged with developing short and long-term strategies for managing health
care costs for both the university and plan participants.
Chair of the Blue Ribbon Healthcare Committee, Pam Aaltonen, Associate Professor of
Nursing, provided a brief overview of the committee’s work. The committee identified
both short-term strategies that can be implemented now, as well as long-term options that
could be implemented in the near future that may have more long-range impact on
healthcare costs. The committee worked in three major areas: health benefit plan design;
health improvement measures; and delivery systems. When the university’s healthcare
costs from 2008 and 2009 were evaluated, three problematic areas were identified:
pricing; cost share; and illness burden. Members of the Board indicated they would also
like to see utilization data.
Treasurer Diaz will come back to the Board next month with a specific plan for
implementing a subsequent healthcare program.
III. ADJOURNMENT.
By consent, the meeting adjourned at 4:06 p.m.