News Headlines Article

The importance of a Medi-Cal fix
Ventura County Star

For the last couple years the state has levied a $1 billion tax that certain health insurance companies have willingly, almost happily, paid. The reason for the absence of grumbling is simple: For every dollar in taxes they pay, they get back that dollar and more in higher rates from the government.

It’s been a very good deal that has enabled California to provide its matching share so that it can access $1 billion in extra funding for Medi-Cal. In essence, it has been a clever and cost-free way for California to tap into free money from Washington, D.C.