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Benefits April 19, 2000
CalPERS Postpones Action On HMO Co-Payments
April 19, 2000 (PLANSPONSOR.com) - CalPERS Wednesday
said it needed more time to consider the impact of doubling
co-payments for office visits and brand-name prescription
drugs for the year 2001.
Reported by editors@plansponsor.com
The California Public Employees’ Retirement System, with $168 billion under assets America’s largest pension plan, is faced with an increase in average health insurance premiums between 4.9% and 8.6%. The extent of the increase depends on the amount by which co-payments will rise.
Calpers has said before that it is studying ways to reduce health care costs and improve coverage. This includes contracting directly with doctors instead of health insurers.
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