By Jessica Calefati in the San Jose Mercury News

February 23, 2016

SACRAMENTO — After months of tense negotiations, Gov. Jerry Brown and Democratic legislative leaders have finalized the framework of a tax on managed health care plans that they say has enough GOP support to clear key votes in the Senate and Assembly scheduled for Thursday.

If the $1.3 billion tax is passed and signed into law, it will replace an existing tax on health care plans that is set to expire in July because it doesn’t comply with new Obama administration rules dictating how states may levy those types of taxes.

Read more at the San Jose Mercury News