Sunday, March 24, 2019

Getting those Medical taxes

State General Fund dollars accounted for only $3 billion of this $53 billion increase in Medi-Cal spending between 2007–08 and 2018–19. This relatively small jump in General Fund support for Medi-Cal is remarkable in light of periodic concerns that the program is putting the squeeze on California’s General Fund budget. Instead, Medi-Cal’s spending growth has largely been supported with non-General Fund sources of revenue. Specifically, the remainder of the $53 billion spending increase between 2007–08 and 2018–19 — around $50 billion — came from federal funds ($35.3 billion) and other non-federal funds, such as state taxes paid by managed care organizations (MCOs) and fees paid by hospitals ($14.2 billion). Since 2007–08, federal funding for Medi-Cal has increased by 129%, while other non-federal funds have grown by more than 1,600%.
By trick of accounting, they separate state taxes between general funds and targeted taxes, but the state total is about 20 billion. The federal total is about 35 billion. We can see that new states taxes have accounted for most of the tax growth, and that will continue with newly enacted state Obamacare taxes, or more fake 'green' taxes, or another tax on wealth, other than property tax. Then we have direct payment by county budgets, maybe another 15 billion. That will be going up in tandem.

Where will the schools get their money? Already spent? The only thing left is more federal spending, but that be vetoed, no doubt; or prop 13 revision.

No comments: