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The committee shall be required to review the City's current health care plans, including its <br />plans for medical, dental and vision benefits, and adopt new or revised plan or plans tha.t are <br />competitive in the health care market and that will achieve the goals of promoting cost containment <br />within the plan and minimizing premium contributions by employees. <br />In fulf lling its mission, the committee shall consider office co-pays, prescription drug rates, <br />deductibles, ma.ximum out-of-pockets, wellness programs and such other plan attributes and other <br />related matters that will achieve the goaLs set forth above. <br />Within six (6) months following its first meeting, the committee shall vote upon proposed <br />new or revised health care plan or plans that meet the goals set forth above. If a majority of all <br />members of the committee approve such proposed new or revised plan or plans, then such plan or <br />plans shall become the City's plan or plans, and the Employer shall be authorized and directed to <br />implement the pla.n or plans. <br />If the committee, however, fails within six months after its first meeting to approve a new <br />or revised plan or plans, then the Employer shall be authorized to submit the matter to binding <br />arbitration with an arbitrator selected by mutual agreement using the American Arbitration <br />Association. The submittal shall instruct the Arbitrator to select from health care plans submitted <br />and order the Employer to implement such new or revised health care plan or plans for a11 City <br />employees that meets the goals set forth above. <br />The committee sha.ll meet thereafter at least every other year, commencing in the year 2006, <br />when called upon by Employer to consider further and additional revisions to the City's plan or <br />plans in order to meet the goals set forth above. When meeting in such future years, the committee <br />and the Employer shall continue to follow the procedures set forth above for approving appropriate <br />additiona.l revisions to the City's health care plan or plans. <br />19