Earlier this year California Governor Gavin Newsom announced a series of executive actions and budget proposals in an effort to help lower prescription drug and health costs for California families. These proposals are a central part of his overarching “California for All” initiative.
Key parts of the recent proposals include:
- An executive order to create the largest single purchaser for prescription drugs and allow private employers to negotiate drug prices.
- His first budget proposes that California provide coverage to young undocumented adults through Medi-Cal.
- Expand the Affordable Care Act’s financial assistance to middle-income families.
- A call for federal legislative changes to allow states to innovate within their health care system — including creating paths to single-payer
- An executive order to create a California Surgeon General
Health care and prescription drug costs are a top concern for many in California, including many of our clients here at Contractors Prevailing Wage Insurance Services. According to the news release from the Governor’s office, people buying on the individual market will see an average 9% rise in health care costs this year, and prescription drug costs have nearly doubled since 2000,
View the full press release for more details.