In better times I used to hear people brag about California being the 5th largest economy in the world if it were its own country. Maybe it’s still true, but in any case the economic situation is a real mess. The latest impact is on Medi-Cal, California’s name for its Medicaid program. Due to a budget impasse, community clinics who rely on Medi-Cal for their funding won’t be receiving their checks. They’ll have to dip into reserves or borrow from banks and other sources. In essence, these safety net providers will be financing the state.
Kind of pathetic.August 19, 2010