California’s state and local debt exceeds $1.6 trillion. California lacks the money to pay off the claims.
Recent deficits were $38 and $28 billion. California is broke
The whole point of running off insurance companies and charging for the state plan wasn’t to pay claims. It was to raid the fund to pay for more dei woke bull droppings.
They saw how well social security has done in that department and wanted in on the fun. They (like congress) just hoped the bill would come due after they were out of office.