September 08, 2014

External Affairs Branch
(916) 795-3991
Robert Udall Glazier, Deputy Executive Officer
Brad Pacheco, Chief, Office of Public Affairs
Contact: Bill Madison, Information Officer

newsroom@calpers.ca.gov

SACRAMENTO, CA - Ann Boynton, Deputy Executive Director for CalPERS Benefit Programs Policy and Planning, issued the following statement regarding negotiations between Anthem Blue Cross and Stanford Health Care:

“CalPERS is very pleased that Anthem Blue Cross was able to successfully negotiate a new contract with Lucille Packard Children's Hospital. The hospital provides critical services to our members.

We are deeply disappointed with Stanford Hospital's refusal to agree to reasonable terms that allow our members access to Stanford Hospital's services. Anthem Blue Cross and Stanford Hospital agreed to terms for a 2-year contract and we urge Stanford to sign this agreement. Improving the affordability of health care is critical to all Californians and every part of the delivery system must do its part. Stanford Hospital must become part of this effort. CalPERS advises all its members who are in any Anthem plan, including PERSCare, PERS Choice, and PERS Select to contact Anthem Blue Cross to identify alternatives to Stanford hospital for care.”

CalPERS is the largest public pension fund in the U.S., with more than $301 billion in assets. CalPERS administers health and retirement benefits on behalf of 3,064 public school, local agency and state employers. There are more than 1.6 million members in the CalPERS retirement system and more than 1.3 million in its health plans. For more information about CalPERS, visit www.CalPERS.ca.gov.

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