California’s Path to Bankruptcy

Jun 12, 2017

The California state Senate voted to pass a single-payer healthcare bill. The legislation will have to be passed by the state Assembly and signed by the governor. The legislation would provide free healthcare to any “individual whose primary place of abode is in the state, without regard to the individual’s immigration status.” This leaves open the likelihood of people flooding into California, obtaining residency, and getting onto the program. The single-payer program would cover “all medical care determined to be medically appropriate by the member’s healthcare provider.” And plan members “shall not be required to pay any premium, copayment, coinsurance, deductible, and any other form of cost sharing for all covered benefits.” If enacted, the legislation would cost the state over $400 billion a year.