In a significant change to the healthcare landscape, the California Public Employees’ Retirement System (CalPERS) announced that it will be switching from Elevance Health to Blue Shield of California and Included Health for its PPO plans. This news was revealed last week and highlights the complexities involved in changing health insurance providers for large companies.
CalPERS’ decision to make this switch sheds light on the importance of where and how companies choose to invest their money in providing healthcare benefits to their employees. As large employers typically do not change their health insurance providers often, this move by CalPERS signifies a significant shift in the industry.
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