CalPERS Highlights Successes of and Voices Support for ACA
|December 14, 2010||Posted by Kiwon Yoo under Blog||
In direct contrast to some states’ efforts to repeal health reform legislation, the California Public Employees’ Retirement System (CalPERS) has published a letter to HHS Secretary Kathleen Sebelius, which lauds the benefits of reform, as well as implementation successes.
As the largest non-federal purchaser of health care in the nation, CalPERS provides benefits to more than 1.3 million state/public agency active and retired members, and has “supported the reform necessary to contain costs for employers and their employees while maintaining quality health care.” In her letter, CalPERS CEO Anne Stausboll highlighted a few of their implementation successes:
- With the extension of dependent coverage to age 26, 27,000 young adults were were added to CalPERS health plans with less than a 1% premium increase.
- The removal of lifetime limits allowed CalPERS to remove such limits from all their plans, providing members with more options with less financial risk.
- The Early Retiree Reinsurance Program (ERRP) allowed for almost $200 million in reimbursements to help reduce premium increases by more than 3% for non-Medicare health plans.