When Obamacare was originally passed in 2010 Sacramento estimated the cost for California to be $2.6 billion annually. Since that time the state government was tried to come up with a new estimate to no avail.
Adding many residents to the Medical payroll will most assuredly raise the cost and our taxes. Please read this article for more information.
http://articles.latimes.com/2012/jul/09/local/la-me-cap-healthcare-20120709
All the best,
Greg Levin, CFP®
LPL Tracking #1-088140
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