California Legislature Unveils Health Plan Tax Bill
Gov. Jerry Brown has been working with insurers for months to establish a proposal, and a spokeswoman for the governor says the legislature's bill “reflects the administration’s proposal.”
The Associated Press:
Lawmakers Unveil California Health Plan Tax Proposal
The California Legislature on Monday unveiled a bill imposing a new tax on health insurance plans that would prevent a massive $1.1 billion hole in the state budget. The tax is designed to allow California to continue receiving matching funds from the federal government to pay for health insurance for the poor. It would replace a tax that applied only to Medi-Cal managed care organizations, which the federal government said it would not renew. (2/9)