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California Public Employees' Retirement System
Blue Shield of California is under new pressure to lower rates
Blue Shield of California is under new pressure to lower rates

With billions of dollars in reserve, nonprofit insurer Blue Shield of California is facing new pressure to offer better prices for its policies. Despite its nonprofit status, the health insurance giant is usually on par or priced slightly above its for-profit rivals, according to a review of rates and interviews with insurance agents and industry officials. That pricing trend can be seen at the state's two biggest buyers of healthcare: the California Public Employees' Retirement System and the state's Obamacare exchange. Together, they provide health benefits to nearly 3 million people, and they've been putting pressure on health plans to rein in costs. The San...

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