California’s Medi-Cal shortfall hits $6.2 billion with ‘unprecedented’ cost increases

The hole in California’s Medi-Cal budget seems to be bigger than what state officials reported just last week.

California health care officials told the Legislature on Monday that the state will need another $2.8 billion to be able to pay Medi-Cal providers through the end of the fiscal year.

That’s on top of a $3.4 billion loan that the administration told lawmakers last week it needed to make “critical” payments for Medi-Cal , the state-federal health insurance program for low-income people…

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