CalPERS Postpones Action On HMO Co-Payments

April 19, 2000 ( - CalPERS Wednesday said it needed more time to consider the impact of doubling co-payments for office visits and brand-name prescription drugs for the year 2001.

The California Public Employees’ Retirement System, with $168 billion under assets America’s largest pension plan, is faced with an increase in average health insurance premiums between 4.9% and 8.6%. The extent of the increase depends on the amount by which co-payments will rise.

Calpers has said before that it is studying ways to reduce health care costs and improve coverage. This includes contracting directly with doctors instead of health insurers.