CalPERS passes health insurance premium hikes

June 16, 2011 5:22:50 PM PDT
The CalPERS board announced its intention to raise premiums by an average of 4.1 percent on Thursday.

The premium hike is on top of last year's 9 percent increase.

Employees with HMO plans through CalPERS will see a premium increase of slightly more than five percent while those with PPO plans will pay three percent more.

CalPERS is the nation's second-largest health insurance buyer.