News Headlines Article

CalPERS hike sets off alarm
Sacramento Bee

When the nation’s second largest purchaser of health care gets socked with a big rate hike, lots of people pay the price. CalPERS‘ governing board approved an average 9.5 percent increase in premiums Wednesday, a move that will hurt taxpayers and public employees statewide. Given CalPERS’ size and influence, it could affect health care premiums in the private sector, too. The new rates will cost the average CalPERS member an extra $30 a month starting in January. State and local agencies will pay millions more, too.

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