Issues Update
CalPERS Lauds Cost Containment Amendments
December 10, 2009
The California Public Employees' Retirement System (CalPERS) expressed strong support for an amendment package introduced today in the U.S. Senate that further streamlines and improves our health care delivery system and would save billions of dollars for private and public health care purchasers. CalPERS CEO Anne Stausboll commended the 11 first-term Senators that authored the amendment addressing the urgent need to "move aggressively to slow the growth in medical costs." Stausboll said the amendment builds on critical cost containment provisions included in the underlying legislation produced by the Senate Majority Leader, the Senate Finance Committee and the Senate Health, Education, Labor and Pensions Committee, that will result in higher quality care at a lower cost for hundreds of thousands of active and retired public employees and their dependents. The 11 first-term Senators were: Mark Udall (D-CO), Thomas Udall (D-NM), Jeanne Shaheen (D-NH), Mark Warner (D-VA), Kay Hagan (D-NC), Jeff Merkley (D-OR), Mark Begich (D-AK), Roland Burris (D-IL), Edward Kaufman (D-DE), Michael Bennett (D-CO), and Paul Kirk (D-MA).
Read the full news release.
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