By Jason Millman - 12/10/10 07:52 PM EST
Healthcare reform law supporters are pointing to a new letter from the California Public Employees' Retirement System (CalPERS) detailing how the new law is already benefiting its members.
CalPERS said that by next year, 27,000 young adults will be covered under a reform law provision allowing them to stay on their parents' health insurance until they turn 26.
"That's not only good news for those young people, but imagine what a relief it is to their parents and other family members who worried that their sons, daughters, brothers and sisters were going to be uninsured," Health and Human Services Secretary Kathleen Sebelius said in a statement Friday afternoon.
CalPERS also said that it reduced premium increases by more than 3 percent for its non-Medicare plans, estimating it will save almost $200 million for more than 115,000 early retirees and their spouses.
"This letter is good news for California families, and we’re seeing similar signs of progress across the country," Sebelius said. "Just nine months after it was signed into law, the Affordable Care Act is already fulfilling its promise to help working Americans get and keep insurance, and to slow rising costs for those who have coverage, while ending some of the worst practices of the insurance industry with a new Patient’s Bill of Rights."
A number of California Democrats issued statements Friday afternoon touting the CalPERS letter.
“I commend CalPERS for working to implement the key benefits of the new healthcare reform law," said House Energy and Commerce Committee Chairman Henry Waxman. "Their efforts show that the law is containing costs for employers and already extending coverage to tens of thousands of people.”