California Capping Healthcare Cost Spikes ...Middle East

Sacra,emtp. CA — A plan to cap the yearly increases in healthcare costs in California is raising concerns from industry groups. On Wednesday, state regulators mandated that healthcare costs in California can rise only 3% each year, starting in 2029. The California Health Care Affordability Board cited that costs have gone up by an average of 5.4% each year over the past two decades, while people’s income only increased 3%, yearly, during that period. A newly created agency, the California Office of Health Care Affordability will gather provider information and enforce the rule. Hospitals, doctors, and insurance companies that do not comply could face fines. Healthcare industry groups have su

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