EDITORIAL: Single-payer bill is a big waste of California Legislature's time
Feb. 23—Assemblyman
The
We know that's true because we went through this same exercise in 2018. The state
"This was essentially a
Nevertheless, Kalra introduced his bill, AB 1400, Friday without identifying a way to pay for what would be a massive transformation of
The legislation includes a wish list of benefits that would normally demand a thorough study by the state Legislative Analyst's Office to determine the costs. But that, too, would be a waste of the LAO's time.
The lack of a financial plan isn't AB 1400's only weakness. Californians should take a close look at who would have the power to set rates and benefits under Kalra's bill. It would create a system called CalCare that would be governed by a powerful nine-member board.
Five members would be appointed by the governor, two by the
The bill also assumes that the federal government, which provides two-thirds of the funding for
President
A single-payer system may eventually be in
___
(c)2021 the Contra Costa Times (Walnut Creek, Calif.)
Visit the Contra Costa Times (Walnut Creek, Calif.) at www.eastbaytimes.com
Distributed by Tribune Content Agency, LLC.


Insurance Agency Software Market Next Big Thing : Major Giants- Damco, NowCerts, ZYWAVE
Advisor News
- Why advisors should offer retirement-longevity planning
- A hybrid approach outperforms the 4% Rule, researchers find
- The missing piece in most retirement plans
- Clients are bringing TikTok insurance advice into advisor meetings
- Embracing a family-centric approach to financial planning
More Advisor NewsAnnuity News
- Sammons Enterprises & Sammons Financial Group Respond to Reports
- The Manhattan Life Insurance Company Acquires Union Security Life Insurance Company of New York
- Cayman Islands premier to meet with U.S. reinsurance regulators
- Investigation finds deceptive sales, churning of annuities targeting postal workers
- Corebridge annuity sales slip ahead of Equitable marriage
More Annuity NewsHealth/Employee Benefits News
Life Insurance News
- Sammons Enterprises & Sammons Financial Group Respond to Reports
- Court losses bring Greg Lindberg fraud victims closer to restitution
- NAIFA Past President Robert M. Nelson to receive the life insurance industry’s highest honor
- Prudential Introduces Protection IUL, Expanding Its Indexed Universal Life Lineup With More Flexible Options for Today’s Customers
- AM Best Affirms Credit Ratings of PT KB Insurance Indonesia
More Life Insurance News