There´s an ominous signal that health care plan costs in California may have large increases. The California Public Employees´ Retirement System says it has received bids from health plans that include increases ranging from 15% to as much as 41% for next year.
The nation´s largest public pension fund provides health insurance for about one-point-two million state employees, dependents and retirees.
Because of its size, CalPERS sets a standard for other health-care purchasers. The state system provides an early look at what employers and consumers might face in health care costs, because it gets bids earlier than other major purchasers.