Home > Uncategorized > CalPERS cites Medicare/Medicaid cost shift for 9.5 percent 2013 health premium increase

CalPERS cites Medicare/Medicaid cost shift for 9.5 percent 2013 health premium increase

The Sacramento Bee reports today the California Public Employees’ Retirement System will boost health insurance premiums next year for its 1.3 million public workers and retirees that pencils out at 9.5 percent and represents “one of the biggest increases in years for CalPERS,” which is one of the largest purchasers of the health care in the nation.  As such, CalPERS health insurance costs serve as a closely watched barometer of where health coverage costs are headed.

According to the Bee story, CalPERS board member Howard Schwartz said CalPERS is fighting to keep health care premiums in check, but is up against powerful market forces. “We like all health care purchasers are wrestling with the problem,” he told the newspaper, noting a source of cost pressure is under funding of Medicare and Medi-Cal.  That prompts health care providers to shift costs “to large purchasers like us,” Schwartz is quoted as saying.

 

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