California may use penalties to pay for health insurance subsidies

Health insurance subsidies - money - dollar sign

Governor Gavin Newsom has proposed a tax penalty that would cover the Californian subsidy costs. Governor Gavin Newsom has proposed a new move to fund health insurance subsidies in the state. It would provide an estimated 850,000 Californians with assistance in paying their premiums. The goal is to assist people who make too much to qualify for federal aid but struggle to pay premiums. To be able to afford to provide the additional health insurance subsidies, the Democratic governor has proposed a tax penalty. This would be applied to Californians…

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