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California governor backs plan to pay for some abortions
Stock Market News |
2022/05/09 08:55
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California taxpayers would help pay for abortions for women who can’t afford them under a new spending proposal Gov. Gavin Newsom announced Wednesday to prepare for a potential surge of people from other states seeking reproductive care if the U.S. Supreme Court overturns Roe v. Wade.
California already pays for some abortions through its Medicaid program, the taxpayer-funded health insurance plan for the poor and the disabled.
But some women don’t qualify for Medicaid and don’t have private health insurance. When that happens, clinics will sometimes perform abortions for free, known as “uncompensated care.” Wednesday, Newsom said he wants the state to give $40 million worth of grants to clinics to help offset those costs.
An abortion can cost between a few hundred dollars and a few thousand dollars in California, depending on how far along the pregnancy is and what kind of insurance a patient has.
“California will not stand idly by as extremists roll back our basic constitutional rights; we’re going to fight like hell, making sure that all women – not just those in California – know that this state continues to recognize and protect their fundamental rights,” Newsom said in a news release.
While the grants could potentially pay for abortions for women from other states, the money would not pay for those women to travel or stay in California.
A bill in the Democratic-controlled state Legislature would set up a fund to help pay for the logistics of getting an abortion in California, including things such as travel, lodging and child care. The California Legislative Women’s Caucus has asked Newsom for $20 million to put into that fund. But Newsom’s announcement on Wednesday did not include that money. |
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Investment Fraud Litigation |
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Securities fraud, also known as stock fraud and investment fraud, is a practice that induces investors to make purchase or sale decisions on the basis of false information, frequently resulting in losses, in violation of the securities laws. Securities Arbitration. Generally speaking, securities fraud consists of deceptive practices in the stock and commodity markets, and occurs when investors are enticed to part with their money based on untrue statements.
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