CalPERS: Board Approves Health Insurance Premium Hike
As expected, the California Public Employees' Retirement System's board yesterday approved a 9.2% hike in next year's premiums for its HMO plans, the Los Angeles Times reports. The move comes one day after the CalPERS health benefits committee approved the plan. However, the board left open the possibility of reconsidering a proposal to increase prescription drug copayments before the new premium rates take effect Jan. 1. In addition to the HMO premium hike, the board also approved a 20% rise in premiums for its less-restrictive PPO plans (6/22).This is part of the California Healthline Daily Edition, a summary of health policy coverage from major news organizations. Sign up for an email subscription.