New BACEI Report Measures Medi-Cal Impact on CA Economy
Last Friday (June 3), the Bay Area Council Economic Institute released a major report at an event hosted by Blue Shield of California that documented the massive positive impact the state’s Medi-Cal program has on the economy. The analysis shows that this program is now the source of coverage for over 13 million people in the state, 6.4 million of whom are working Californians or their children. According to the report, Medi-Cal coverage adds $1.7 billion to the state’s economy by avoiding lost personal income from illness as a result of being uninsured.
California Health and Human Services Secretary Diana Dooley was on hand and praised the report as “essential reading.” Dooley, who also chairs the state’s Affordable Care Act marketplace, Covered California, discussed with the members of the Bay Area Council’s Healthcare Committee how we can build on recent innovations to create a more consumer-centric healthcare system of competing stable networks and work together across sectors to improve the health of the people of our state through initiatives such as Let’s Get Healthy California. To get involved in the Council’s healthcare work, please contact Economic Institute President Micah Weinberg.