|
|
Article: California Public Employees' Retirement System Hikes Health Insurance Premiums.
- Article from:
- Daily News (Los Angeles, CA)
- Article date:
- April 18, 2002
CopyrightCOPYRIGHT 2002 Daily News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Evan Pondel
Apr. 18--In a pivotal decision that will determine the cost of health-insurance for employers and workers nationwide, the California Public Employees' Retirement System on Wednesday approved a record 25 percent increase in premiums for 2003.
In the final vote, CalPERS delivered a warning to the rest of the nation that the increase in health insurance premiums is a reflection of a fractured industry. The agency also eliminated Health Net Inc. and PacifiCare Health Systems from its network, forcing as many as 150,000 CalPERS families to switch providers.
"This is more than a problem for CalPERS," said Rob Feckner, chairman of ...