CalPERS approves price hikes of up to 51% for health plans favored by young, healthy workers
I was the only Board member to vote NO on this plan. The cost increases are likely too great for the youngest workers who have difficulty making ends meet. #CalPERS will publicly disclose the real costs in June at their PHBC meeting on .
CalPERS approved steep rate hikes for its cheapest health insurance plans Tuesday in an effort to save its most expensive plans from collapse.
California state workers who are enrolled in the cheaper plans face estimated price increases of up to $270 per month starting in 2022 under the plan, according to CalPERS projections. (read the story here)