Low-income immigrants in California can see their medical costs paid in a new budget for groups that are not currently covered.
This week, Governor Gavin Newsom announced a proposal with tax cuts, promising to pay a full range of Medi-Cal compensation for individuals, regardless of their legal status.
If it becomes law, the proposal excludes Medi-Cal eligibility by age and legal status and applies to anyone who meets income requirements. Coverage will expand to approximately 700,000 people.
According to a study by the California Institute of Public Policy, about 66% of Californians have shown support for providing health insurance to undocumented individuals.
“If this proposal is upheld, California is ready to become the first state in the country to achieve universal access to healthcare,” Newsom said.
Taxpayer dollars are currently contributing to the payment of medical expenses for low-income immigrants under the age of 26, with plans to cover people over the age of 50 from May. All other eligible individuals will be indemnified from 2024.
This also affects undocumented individuals in Monterey County. According to the US Census, about 30% of the county’s inhabitants are “foreign-born.”
Increasing the excess of health care costs $ 613.5 million in state funding this year, and when fully effective in January 2024, it will eventually cost about $ 2.2 billion annually.
California’s Medi-Cal budget is currently $ 132.7 billion, and the program is estimated to cover approximately 14 million people in fiscal 2022-23.
In addition to his proposal, Newsom’s tax cuts would reduce revenues by more than $ 6.5 billion, but the state predicted a $ 45.7 billion surplus coming from tax collection during the pandemic.
Much of this comes from the top 1% of income earners who pay close to 45% of their income tax collection and have been taxed more in recent years than the low-income group.
The state estimates that it will collect more than $ 25 billion in capital gains taxes (sale of stocks or assets), which is more commonly caused by wealthier people.
Newsom aims to pay a reserve of $ 34.6 billion.
“We have the ability to invest in growth engines and not only invest in the future, but also ensure that we are prepared for the uncertainties that the future will bring,” Newsom said.
When outlining his plans for where to spend the entire $ 286.4 budget, he is homeless, COVID-19, expanding law enforcement efforts, and as some of the other sectors to work financially. He pointed out the fight against climate change.
Newsam will also pay $ 1,000 to low-income households with children under the age of 5, totaling about $ 55 million, and $ 1,000 to residents under the age of 25 using the state foster care system. That’s about $ 20 million in total.
When it comes to tax cuts, the focus will be on tax cuts for businesses, especially the highest gas prices in the country today. The current tax is 51.1 cents per gallon and Newsom aims to stop the expected increase in July due to inflation.
If approved by Congress, Newsom will sign the final budget by June.
California unveils new spending plan for the next year Source link California unveils new spending plan for the next year