CalPERS health insurance policyholders will officially see their premiums grow close to 11% on average next year. The board of administration for the California Public Employees’ Retirement System approved the new rates Tuesday, during the second day of their offsite meeting in Monterey. The vote was split 6-5.
CalPERS provides health insurance for more than 1.5 million people, including roughly 770,000 state and local public employees and retirees, as well as about 770,000 dependents.
The price hikes reflect the larger trend of medical inflation across the country. A combination of rising demand for non-COVID-related health services, high labor costs and a desire to recoup pandemic-era losses have all driven health care providers to raise their prices...
Full story at https://www.sacbee.com/news/politics-government/the-state-worker/article277436178.html.
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