Voters Greenlight Plan To Pump $1.5 Billion Into Children’s Hospitals
Much of the money will be used for infrastructure projects. No money was raised to oppose the measure, but critics point out that this was the third time in recent years that children’s hospitals came to voters for money.
Proposition 4: Voters Pass $1.5 Billion Children's Hospital Bond
California voters on Tuesday approved Proposition 4, which authorizes the state to sell $1.5 billion in bonds for children's hospitals to be used mainly on infrastructure projects. As of 8 am on Wednesday, the measure had 60 percent support. More than two-thirds of the bond money will go to eight nonprofit children’s hospitals. Smaller amounts will go to University of California children’s hospitals and hospitals not specifically designated for children, but with a children's program or a children's wing. (Klivans and Dembosky, 11/7)
In other news —
San Francisco Chronicle:
Dialysis Stocks Soar After California Voters Reject Prop. 8
Shares of two of the nation’s largest dialysis providers, DaVita and Fresenius Medical Care, soared Wednesday after California voters defeated Proposition 8 — a state ballot measure that sought to cap revenue for dialysis centers. DaVita’s stock jumped 10 percent, closing at $76.08 a share; Fresenius was up nearly 9 percent, closing at $43.17 a share. (Ho, 11/7)