California Governor Gavin Newsom is addressing rising costs in Medi-Cal and In-Home Supportive Services by proposing an 'asset test' requiring applicants to possess assets of less than $2,000. This move aims to manage costs projected to rise significantly, from $17.1 billion in fiscal 2014-2015 to $37.6 billion between 2024 and 2025, largely due to increased enrollment and healthcare costs. While the asset test was used for years, its reintroduction could lead to many losing health coverage they currently depend on, affecting millions who qualify based on income and need.
The proposed 'asset test' would require Medi-Cal and In-Home Supportive Services applicants to prove their assets do not exceed $2,000, potentially leaving many without health coverage.
The rise in Medi-Cal costs is alarming, soaring from $17.1 billion to $37.6 billion due to increased enrollment and higher healthcare expenses.
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