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CalPERS backs health care reform legislation
Capitol Weekly

The California Public Employees’ Retirement System, which will spend more than $5.8 billion this year on health care for 1.6 million members and their families, said the newly passed federal health care reform bill contains critical cost controls.

“This legislation represents genuine cost containment and puts people before profits. Most of all, it provides health care coverage for Americans – a moral imperative,” said CalPERS President Rob Feckner.