The single largest cut in Gov. Gavin Newsom’s latest budget proposal threatens to undo a multibillion-dollar deal he made with health care industry leaders last year to shore up the state’s expansive public insurance program with a new tax.
Gov. Gavin Newsom addresses the media during a press conference unveiling his revised 2024-25 budget proposal at the Capitol Annex Swing Space in Sacramento on May 10, 2024. His proposal includes a change to the so-called MCO tax on California health care services.
