No on Prop. 35, a bad approach to public policy
Proposition 35 is probably the most complicated and obscure measure on the ballot this year, running nearly 15, 000 words. It asks voters to sort out arcane health care financing issues better left to experts and elected officials who can delve into the interplay of taxes on managed-care organizations, federal funding, reimbursement rates for medical providers and the state budget. We recommend Californians vote no.
Prop. 35 has a noble goal: to provide more money to hospitals, clinics and doctors so that they will treat more
Many communities with large proportions of
The result is
Under Prop. 35, a tax on managed-care health plans would help provide primary and specialty care, emergency services, family planning, mental health and prescription drugs under
It's a worthwhile goal targeting a real problem, but there's a catch. Prop. 35 doesn't just extend the tax. It mandates how the money must be spent forever. It is a classic example of budgeting at the ballot box, something that rarely goes well.
Prop. 35 would tie the hands of the Legislature and the governor when it comes to managing the state's finances. As circumstances change, state budget writers need flexibility to adapt. Right now, lawmakers use some of the tax revenue that Prop. 35 addresses to offset the burden on the state general fund. They could no longer do that if the measure passes. The state's nonpartisan legislative analyst estimates that would wind up costing the state
It's telling who is backing Prop. 35. Doctors, hospitals and medical groups are among its biggest supporters. When the people behind a proposition are the ones who stand to benefit financially, it should raise red flags with voters. Meanwhile, good-government groups like the



Medicare vs. Advantage Medicare
The crypto trio: How the cryptocurrency industry has made its mark on 2024 elections
Advisor News
- Winona County approves 11% tax levy increase
- Top firmsâ 2026 market forecasts every financial advisor should know
- Retirement optimism climbs, but emotion-driven investing threatens growth
- US economy to ride tax cut tailwind but faces risks
- Investor use of online brokerage accounts, new investment techniques rises
More Advisor NewsAnnuity News
- Judge denies new trial for Jeffrey Cutter on Advisors Act violation
- Great-West Life & Annuity Insurance Company Trademark Application for âEMPOWER BENEFIT CONSULTING SERVICESâ Filed: Great-West Life & Annuity Insurance Company
- 2025 Top 5 Annuity Stories: Lawsuits, layoffs and Brighthouse sale rumors
- An Application for the Trademark âDYNAMIC RETIREMENT MANAGERâ Has Been Filed by Great-West Life & Annuity Insurance Company: Great-West Life & Annuity Insurance Company
- Product understanding will drive the future of insurance
More Annuity NewsHealth/Employee Benefits News
- Thousands of Alaskans face health care âcliff in 2026
- As federal health tax credits end, Chicago-area leaders warn about costs to Cook County and Illinois hospitals
- Trademark Application for âMANAGED CHOICE NETWORKâ Filed by Aetna Inc.: Aetna Inc.
- Study Results from University of California in the Area of Managed Care Reported (Minimally Invasive Overactive Bladder Therapy After Prolapse Surgery): Managed Care
- Reports from Guttmacher Institute Add New Data to Findings in Managed Care (Investing In Reproductive Health: Contraceptive Use and Preference Fulfillment Among Low-income Individuals Across State Policy Contexts): Managed Care
More Health/Employee Benefits NewsLife Insurance News
- One Bellevue Place changes hands for $90.3M
- To attract Gen Z, insurance must rewrite its story
- Baby On Board
- 2025 Top 5 Life Insurance Stories: IUL takes center stage as lawsuits pile up
- Private placement securities continue to be attractive to insurers
More Life Insurance News