HEALTHCALMATTERS
California is getting ready to increase a health insurance tax. Will it affect your premium?
California legislators approved Senate Bill 125 to restructure the managed care organization tax, shifting the burden from Medi-Cal to private health plans. The tax aims to secure federal funding for Medi-Cal but may lead to a 1.5% increase in private insurance premiums, with estimates suggesting families could pay up to $400 more annually.
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