New MCO tax to secure federal funding for Medi-Cal
DDS providers to receive much needed increase in funds
Sacramento, CA – Today, the California State Legislature passed a package of major health care reform bills including SBX2-2, a Managed Care Organization (MCO) Tax, that will secure federal funding for Medi-Cal, and ABX2-1 that will increase funding for developmental disability services by $306.5 million.
“This is a big deal” said Assembly Majority Floor Leader Chris Holden. “Thanks to Governor Jerry Brown, a bi-partisan effort, and the hard work of all stakeholders, we aligned our Medi-Cal and MCO tax structure with federal guidelines while increasing health related funding to where it is needed most.”