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Committee calls hearing on CalPERS long-term care insurance
Sacramento Bee

Don’t be surprised if an Assembly hearing next Tuesday gets a tad heated.

The Aging and Long-Term Care Committee will convene to talk about huge premium hikes on private insurance policies CalPERS sold and administers to cover things like nursing-home and residential care.

Assemblywoman Mariko Yamada, the Davis Democrat who chairs the committee, announced the hearing Tuesday, just as CalPERS issued official notices to policyholders that a 5 percent premium hike is coming.