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How will Prop 35 affect the overall state healthcare budget allocation for fiscal year 2025?
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Resolution / Starting Odds
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California state budget reports
Story
California Voters Approve Prop 35 to Fund Medi-Cal Services in November Election: AP Projection
Nov 6, 2024, 05:39 AM
California voters have approved Proposition 35, a measure that will provide permanent funding for Medi-Cal healthcare services. This proposition allows the state to permanently keep a tax on managed health care insurance plans, which has been in place since 2009. The approval of Prop 35 will result in increased reimbursement rates for healthcare providers who care for lower-income residents. Early vote totals indicated a significant lead for Prop 35, and the Associated Press has called the proposition. Doctors serving California’s poorest residents are expected to receive higher pay, in some cases for the first time in two decades. The AP projection for the November election confirmed the proposition's passage.
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