California budget calls for healthcare spending boost

Newly elected California Gov. Gavin Newsom has proposed a $144.2 billion general fund budget that increases state spending on healthcare, according to a Reuters report.

The budget proposal — which Mr. Newsom submitted to the legislature Jan. 10 — includes an 8 percent increase in health and human services spending over the current fiscal year, the report states.

A news release from the governor's office says the budget also increases subsidies that help low- and middle-class Californians afford health insurance through Covered California, the state's health insurance marketplace under the ACA.

The budget proposal also reportedly expands California's Medicaid program, Medi-Cal, to about 138,000 undocumented immigrants ages 19 through 25.

More information on the budget is available here.

 

More articles on healthcare finance:

Utilities may be shut off if Kansas hospital fails to pay
S&P: Outlook remains stable for nonprofit hospitals
Arizona's surprise billing law takes effect: 4 things to know

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Articles We Think You'll Like

 

Featured Whitepapers

Featured Webinars