STAT June 17, 2024
The California Public Employees’ Retirement System is making a drastic change to one of its major health insurance plans for the state’s employees and retirees: It’s switching health insurance carriers, and forcing its new partners to earn their fees instead of automatically getting them.
The new contract could serve as a model for other large employers that are fully on the hook for their workers’ health care costs and want their insurance companies...
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