Governor Gavin Newsom is urgently requesting an additional $2.8 billion for Medi-Cal to maintain its solvency through the end of the fiscal year. This comes on the heels of a $3.4 billion loan aimed at covering immediate Medi-Cal costs until March. Currently, expenses are projected to exceed state estimates by up to $6.2 billion, driven by factors such as increased enrollment, rising pharmacy costs, and the high cost of expanding coverage to undocumented immigrants. Critics argue this places additional strain on budget negotiations as federal funding cuts loom.
"Days after telling lawmakers that he took out a $3.4 billion loan to pay for Medi-Cal costs through March, Gov. Gavin Newsom's Office said Monday that he's asking the state Legislature to approve another $2.8 billion in extra funding for the healthcare program for low-income Californians through the end of the current fiscal year."
"The funding decisions suggest Medi-Cal spending is running as much as $6.2 billion above state estimates from last summer at a time when California is experiencing higher than expected costs for expanding coverage to undocumented immigrants, greater enrollment and rising pharmacy expenses for the program."
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