California Business Group Opposes November Ballot Measure on Billionaire Tax for Medi-Cal

A California business association leader is opposing a November 2026 ballot measure that would impose a tax on billionaires to address Medi-Cal funding shortfalls and rising living costs. The op-ed argues the measure would harm long-term economic growth despite potential short-term revenue gains. The ballot measure has not yet been voted on. This matters for California Medi-Cal stakeholders because the measure, if passed, could alter the state's Medicaid funding landscape and sustainability.

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