Fattens Insurance Company Profits
Health insurance companies and wealthy special interests
are behind Proposition 56.
Now they are spending millions to pass it so that they can get paid as much as $1 billion more for treating the very same Medi-Cal patients they already treat today. They are not required to accept more Medi-Cal patients to get this money.
Instead of treating more patients, insurance companies and hospitals can increase their bottom line and more richly reward their CEOs and senior executives. In fact, the Proposition 56 spending formula gives insurance companies and other health care providers 82% of this new tax.
What are people saying?
“Taxpayers lose with Prop 56”
– Richard Rider
Chairman, San Diego Tax Fighters