Post by Logan on Jun 16, 2016 5:44:19 GMT -6
CalPERS approved a 3.2 percent increase in health insurance premiums Wednesday, less than half the rate increase recorded a year ago.
With more than 1.4 million members, CalPERS’ health care program is often viewed as an indicator of rate trends nationally.
A year ago, the California Public Employees’ Retirement System approved a nearly 7.7 percent increase in premiums. Nearly half of the increase was attributed to higher prescription drug costs.
This time, spokesman Bill Madison said the pension fund’s three-year-old “risk adjustment process” helped bring about more moderate increases. The process has enabled CalPERS to bring more scrutiny to each carrier’s health claims data, Madison said.
Read more here: www.sacbee.com/news/business/article84013882.html
With more than 1.4 million members, CalPERS’ health care program is often viewed as an indicator of rate trends nationally.
A year ago, the California Public Employees’ Retirement System approved a nearly 7.7 percent increase in premiums. Nearly half of the increase was attributed to higher prescription drug costs.
This time, spokesman Bill Madison said the pension fund’s three-year-old “risk adjustment process” helped bring about more moderate increases. The process has enabled CalPERS to bring more scrutiny to each carrier’s health claims data, Madison said.
Read more here: www.sacbee.com/news/business/article84013882.html