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Calpers Gets Tough With Its Insurers


In Business This Week

CALPERS GETS TOUGH WITH ITS INSURERS

The giant California Public Employees' Retirement System isn't resting on its laurels. After holding its premiums to a 1.4% increase this year--vs. 9% for employers nationwide--CalPERS told its insurers on Oct. 13 to cut rates by 5% next year. The challenge for 18 health-maintenance organizations that serve CalPERS' 900,000 covered employees and dependents: eliminate unneeded procedures and cut overhead without sacrificing quality. A Kaiser Permanente official says the state's biggest HMO is "prepared to work with CalPERS" but stressed negotiations are just beginning.EDITED BY KEITH H. HAMMONDS


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