News Headlines Article

CalPERS health plan rate increase slows, choice grows
Sacramento Business Journal

The California Public Employees’ Retirement System spent a lot of time and money shaking up its health-care purchasing program to get more bang for the buck. The result: premiums will increase an average of 3 percent in 2014 — the lowest average increase since 1998 and well below the 9.6 percent average hike in 2013. Exactly how the rates got there is unclear. More plans were added to the program, increasing competition.