CalPERS Seeks Bids for Lucrative HMO Contract

CalPERS is seeking bids for an HMO contract for nearly a third of the state's 1.3 million public employees, retirees and their families. Blue Shield of California, the holder of the current contract, and Health Net plan to submit bids for the contract. CalPERS expects to spend $5.7 billion this year on health benefits.

• "CalPERS Seeks Bids for Hefty HMO Contract" (Calvan, Sacramento Bee, 2/12).