California Secures $3.4 Billion Loan to Manage Medi-Cal Expenses, Intensifying Budget Pressures

California's health care program, Medi-Cal, now costs significantly more than expected, prompting Governor Newsom to borrow $3.4 billion from the state’s general fund. Increased enrollment, particularly among undocumented immigrants, exacerbates the budget strain, raising concerns over fiscal management amidst rising living costs for all Californians.