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Member, Beacon International Group, Ltd.
The California Public Employees’ Retirement System’s health insurance policyholders will likely see their premiums grow by more than 11% on average next year, the Sacramento Bee reports. CalPERS, the nation’s largest pension, provides health insurance for more than 1.5 million people, including roughly 770,000 state and local public employees and retirees and about 770,000 dependents. The price hikes reflect the larger trend of medical inflation across the country.