California analysts and health care experts are warning that a new law mandating $25 per hour minimum wages in the industry will cost more than $4 billion per year in state and federal expenditures while raising prices for patients and having additional economic impacts totaling billions of dollars annually.
“Increasing the pay for ... health care workers will cause an additional financial burden on organizations already facing financial challenges,” Genaro Grajeda, CEO of HealthPact—a California-based company offering professional services to health care providers, told The Epoch Times.
