Financial Presentation to METRO Allina Health BARGAINING UPDATE
MNA Bargaining Context In 2010 and 2016 MNA and Allina had a very difficult set of negotiations MNA and Allina successfully reached agreements but nurses made significant sacrifices Since 2010 Allina’s financial condition has improved
N URSE W AGES F ALL B EHIND : 2010-2018 MNA Nurse Metro % Increases vs Inflation 4.00% 3.00% 2.00% 1.00% 0.00% 2010 2011 2012 2013 2014 2015 2016 2017 2018* Net Decrease Since 2010 ‐1.00% ‐2.00% ‐3.00% ‐4.00% Inflation MNA contract Difference
E XECUTIVE W AGES I NCREASE • While RN wages have dipped 3.3% below inflation, Allina Executives have been receiving large pay increases: • Penny Wheeler: • 2017: 6.4% increase in base compensation, 9.7% increase in total compensation • 2016: 8.7% increase in base compensation, 29.7% increase in total compensation
ALLINA’S REVENUES GROW Allina Health Revenues, 2010‐2017 $5,000,000,000 $4,181,332,000 $4,370,439,000 $4,500,000,000 $3,079,485,000 $3,238,487,000 $3,278,373,000 $3,420,565,000 $3,603,681,000 $3,796,892,000 $3,947,689,000 $4,000,000,000 $3,500,000,000 $3,000,000,000 $2,500,000,000 $2,000,000,000 $1,500,000,000 $1,000,000,000 $500,000,000 $‐ 2010 2011 2012 2013 2014 2015 2016 2017 2018
NURSES CONTRIBUTE TO ALLINA’S PROFITS Allina Health Operating Income, 2010‐2018 $200,000,000 $188,510,000 $171,864,000 $149,021,000 $148,210,000 $145,944,000 $150,000,000 $133,439,000 $128,034,000 $100,000,000 $86,258,000 $50,000,000 $‐ 2010 2011 2012 2013 2014 2015 2016 2017 2018 $(16,340,000) $(50,000,000)
NURSES CONTRIBUTE TO ALLINA’S PROFITS Allina Excess Revenues over Expenses, 2010‐2018 $350,000,000 $326,457,000 $295,402,000 $300,000,000 $250,000,000 $226,401,000 $200,481,000 $200,000,000 $146,891,000 $150,000,000 $130,521,000 $109,642,000 $100,000,000 $60,601,000 $50,000,000 $22,384,000 $‐ 2010 2011 2012 2013 2014 2015 2016 2017 2018
F IRST P LAN P REMIUM I NCREASES , 2010- 2019 Allina First Monthly Premimums, 2010‐2019 $2,500.00 $2,244.00 $2,133.00 $1,995.00 $2,000.00 $1,883.00 $1,781.00 $1,734.00 $1,734.00 $1,662.00 $1,638.00 $1,581.00 $1,496.00 $1,422.00 $1,500.00 $1,346.00 $1,330.00 $1,280.00 $1,255.00 $1,197.00 $1,187.00 $1,156.00 $1,156.00 $1,130.00 $1,108.00 $1,092.00 $1,069.00 $1,054.00 $1,040.00 $1,040.00 $997.00 $983.00 $949.00 $1,000.00 $748.00 $711.00 $665.00 $628.00 $594.00 $578.00 $578.00 $554.00 $546.00 $527.00 $500.00 $‐ 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 EE EE + Kid(s) EE + Spouse Family
A LLINA F IRST AND C HOICE P LANS , 2016 FIRST PLAN CHOICE PLAN • Deductible: • Deductible: • Individual: $300 • Individual: $0 • Family: $900 • Family: $0 • Out‐of‐Pocket Max: • Out‐of‐Pocket Max: • Individual: $3500 • Individual: $3000 • Family: $7000 • Family: $3000 • Prescription: $1000 • Prescription: N/A • Coinsurance and generic copay • Copay only
NURSES CONTRIBUTE TO FINANICAL SUCCESS OF ALLINA 1. Since MNA and Allina last bargained in 2016, Allina has made over $375 million in profit. 2. Since 2016, Allina has made over $215 million in operating income alone. 3. Insurance expenses have steadily increased while benefits have decreased.
Our Expectations MNA Nurses Desire to reach a fair and equitable agreement that: 1. Addresses the sacrifices they have made on behalf of the hospital 2. Recognizes the economic value of their work as professionals 3. Addresses out of control insurance premium costs
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