Opinion: Medical care now Calif.’s biggest industry
By Dan Walters, Sacramento Bee
Four of the 17 measures on the Nov. 8 state ballot relate directly to financing Californians’ health care, and collectively they would have tens of billions of dollars in impact.
Dan Walters
But in a sense, that’s just peanuts, which takes a little explaining.
Propositions 52, 55, 56 and 61 indirectly symbolize a massive, if often misunderstood, transformation in California’s economy over the last few decades.
A UCLA Center for Health Policy Research study reveals that we Californians are directly or indirectly spending a mind-numbing $367.5 billion a year on our physical well-being, equal to 15 percent of the state’s $2.5 trillion economy.