Anne Stausboll, the recently appointed chief executive officer of the California Public Employees' Retirement System, has good reason for supporting national health care reform. CalPERS is the nation's second-largest purchaser of health care, and this year will spend $5.7 billion on health care for its 1.3 million members. Over the last six years, premiums for its members have increased 60 percent.

"There will be a huge cost to inaction at this critical point in our nation," Stausboll and CalPERS president Rob Feckner wrote in a letter to California's Congressional delegation in August. "The status quo is an untenable policy choice."

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.