Trading Loan Forgiveness for Serving Medicaid Patients
The state of California is paying off some doctors’ medical school debts in exchange for a commitment to care for Medicaid patients. Under a new state program, physicians and dentists can see their medical debt eliminated or greatly reduced in exchange for a five-year commitment during which at least 30 percent of their patients are served by Medi-Cal, the state’s Medicaid program. The state expects to spend $340 million in this manner in the coming year, with the money coming from Proposition 56 tobacco tax revenue. That measure included a $2 tax increase on every pack of cigarettes sold in [...]