The CalPERS Board of Administration announced its intent to award two new contracts designed to promote savings by lowering health care costs over time while improving the quality of care for members enrolled in its self-funded preferred provider organization (PPO) plans. The new contracts — with Blue Shield of California and Included Health — create financial incentives to provide higher quality care at lower costs.
“The new contracts allow CalPERS to provide unique and innovative programs to better serve our PPO members, while controlling medical costs that have been very challenging, and improving the experience and quality of care our members receive,” said Ramon Rubalcava, chair of the CalPERS Board of Administration Pension and Health Benefits Committee. “CalPERS is demonstrating that health care quality and equity is at the center of everything we do for our members.”
More details can be found in our news release.