Here are five things to know:
1. California now taxes health insurers based on the number of Medi-Cal consumers each plan serves.
2. The tax replaces an old tax plan that only imposed a tax on managed care organizations serving Medi-Cal consumers. Those plans were then reimbursed with federal funds. The federal government called foul, saying California must tax all healthcare plans.
3. The CMS approval comes to fruition three months following the approval of the $1.3 billion proposal.
4. The approval will help the state pay for Medi-Cal, which offers coverage to one-third of California’s population.
5. California increased funds for developmentally disabled services and paid down state debts.
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