"On Tuesday, California State Assemblymember Liz Ortega (D-San Leandro) introduced AB 1799, a bill that would require nonprofit health plans that receive significant state subsidies - like Kaiser Permanente - to disclose direct and indirect investments, including holdings tied to for-profit prisons and immigrant detention corporations."
"Californians pay premiums and fund Medi-Cal and other public programs, and they deserve to have confidence that their dollars are being used to improve care, expand access, and strengthen safety nets - not quietly routed through investment portfolios in ways that undermine public health and harm the very communities these nonprofits are meant to serve."
"What we didn't dream about was being exhausted, burned out, misused, and disrespected - working unsafe shifts, filing thousands of staffing reports, and watching preventable crises happen every single day."
California Assemblymember Liz Ortega introduced AB 1799 to require nonprofit health plans that receive substantial state subsidies to disclose direct and indirect investments, including holdings tied to for-profit prisons and immigrant detention corporations. The bill targets nonprofit plans that benefit from public subsidies and taxpayer support because of obligations to prioritize patients and community health. United Nurses Associations of California/Union of Health Care Professionals called for transparency so premiums and public program funds are used to improve care, expand access, and strengthen safety nets rather than being routed through investment portfolios that undermine public health. Nurses at Kaiser report exhaustion, unsafe shifts, staffing shortages, and preventable crises.
Read at The Mercury News
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