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Everything you need to know about the healthcare plans tax the Legislature just passed
Los Angeles Times

Culminating a prolonged, wonky debate that has consumed the Capitol for months, legislators on Monday approved a new tax on healthcare plans that would help finance the state’s public healthcare program for the poor.

The package of bills — which await Gov. Jerry Brown’s signature — would overhaul a tax on managed care organizations (MCOs), in an effort to secure more than $1 billion in federal money to help pay for Medi-Cal, which serves a third of the state’s population.

“I can’t emphasize enough the importance of the MCO financing proposal here before us today,” Assemblyman Rob Bonta (D-Alameda) said on the floor.