News Headlines Article

Blaming drug costs, CalPERS considers 7% hike in HMO premiums
Sacramento Business Journal

The California Public Employees’ Retirement System is poised to raise HMO premiums for state employees an average of 7.21 percent in 2016. The move shows that rising hospital and drug costs could mean higher premiums in the private sector, too. The proposed HMO rate hike is up from a 3.9 percent hike in 2015. Premiums for state employees in less-restrictive preferred provider organization plans are slated to jump an average of 10.8 percent.