The Oceanside Chamber of Commerce has joined the growing list of businesses and healthcare providers supporting the Medi-Cal Funding and Accountability Act initiative. Californians United is a coalition sponsoring this amendment to the existing Medi-Cal laws and focuses on closing loopholes and eliminating the Act’s current “sunset clause” scheduled for January 1, 2017.
In an impartial review by the Legislative Analyst’s Office supports the initiative. That Office summarizes the fiscal effects of the measure as follows: 1) State savings from increased revenues that offset state costs for children’s health coverage of around $500 million beginning in 2016-17 (half year savings) to over $1 billion annually by 2019-20, likely growing between 5 percent to 10 percent annually thereafter; and, 2) Increased revenues to support state and local public hospitals of around $90 million beginning in 2016-17 (half-year) to $250 million annually by 2019-20, likely growing between 5 percent to 10 percent annually thereafter.
The Emerging Issues Committee meets on the first Thursday of each month at 8:00am at the Oceanside Chamber of Commerce. The Committee studies issues that impact our businesses and/or our community such as the Medi-Cal Funding and Accountability Act initiative.