1 Day
Source:
Los Angeles Times
California health insurance tax increase
California legislators have approved a redesigned health tax aimed at maintaining federal Medi-Cal funding by shifting more of the cost onto private insurance plans. The new plan would impose an higher monthly tax on private plans, potentially raising premiums by about 1.5%, which could cost consumers around $100 annually per individual or $400 for a family of four. While the plan seeks federal approval, critics argue it conflicts with recent voter-approved limits on private plan taxes and may lead to increased healthcare costs for families. The state's ability to continue funding Medi-Cal hinges on federal acceptance of this tax restructuring.
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