CA Budget Deal Helps Exchange Enrollees, Includes MCO Tax

By Amy Lotven / July 3, 2023 at 12:04 PM
California will direct a portion of money collected from the state’s coverage mandate to a reserve fund that will be used to lower out-of-pocket costs for Covered California enrollees under a budget deal that is receiving praise from wide-ranging health care stakeholders in the state. Advocates, providers and insurers also applaud a renewed tax on Medicaid managed care organizations that is expected to raise more than $19 billion that will be used to bolster Medi-Cal, including by increasing pay rates...

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