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Pension Fund Rejects HMOs' Offers; CalPERS Wants Better Rates for Its Members
San Francisco Chronicle 
Feb. 26, 2001 Excerpt: The nation's largest public pension fund -- the California Public Employees' Retirement System -- threw out all its HMO bids yesterday and sent the health plans back to the drawing board. While CalPERS has battled with plans in the past to keep costs down, this is the first time the fund's board has flat out rejected the offers made by the health-maintenance organizations. MORE >> |
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