Big news today from CALPERS, one of the biggest purchasers of health coverage in the nation. Anne Stausboll, Chief Executive Officer of the California Public Employees’ Retirement System (CalPERS) today sent a letter to U.S. Health and Human Services Secretary Kathleen Sebelius affirming the pension fund’s success in implementing aspects of national health care reform measures.
Thanks to the new federal health law -– more than 27,000 young adults were added to their parents’ health plans effective next month. CalPERS also removed lifetime limits from all plans that previously had included them.
Most of interest, CalPERS took advantage of subsidies for early retiree coverage to keep premium costs down; this program helped hold premiums to their lowest increase in 14 years, and CalPERS estimates savings of about $200 million for more than 115,000 early retirees and their families.
Key California Congressional Representatives weighed in, as did Secretary Sebelius herself. More than just an affirmation of health reform, it’s useful to have these specific numbers of how Californians are seeing the benefits of the new federal health law…