local
California unions, hospitals strike deal — but billionaire tax heads to ballot
By Kristen Hwang | CalMatters at LAist (KPCC / Southern California Public Radio)
· June 26, 2026
· 5 min read
A man's shirt and sticker are displayed at the Billionaire Tax Now booth at the 2026 California Democratic Party State Convention in San Francisco on Feb. 21, 2026.(Jeff Chiu / AP Photo)California hospitals and the state’s largest health workers union reached an agreement Thursday to pull two com...
Key takeaway That measure would levy a one-time 5% tax on California billionaires if approved by voters.
Why this matters in The Los Angeles
The deal between California hospitals and the state's largest health workers union to pull competing initiatives from the November ballot has significant implications for Los Angeles , where healthcare access is a pressing concern. With the billionaire tax measure still headed to voters, Angelenos will have a chance to weigh in on a potential solution to the state's healthcare funding crisis. The estimated $100 billion in revenue from the tax could help replace recent state and federal healthcare cuts, which are projected to leave millions of Californians uninsured. In Los Angeles, where many residents rely on public healthcare services, the outcome of this ballot measure will be closely watched. The city's hospitals and healthcare providers will also be paying attention, as the tax could bring in much-needed funding to support patient care and prevent job losses in the healthcare sector.
About this story
Original reporting by LAist (KPCC / Southern California Public Radio) . The Los Angeles surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit LAist (KPCC / Southern California Public Radio) . Have a tip or correction? Contact our newsroom .
Category: local ·
Published: June 26, 2026 ·
Source: LAist (KPCC / Southern California Public Radio) ·
Reading time: 5 min
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What is this story about? A man's shirt and sticker are displayed at the Billionaire Tax Now booth at the 2026 California Democratic Party State Convention in San Francisco on Feb. 21, 2026.(Jeff Chiu / AP Photo)California hospitals and the state’s largest health workers union reached an agreement Thursday to pull two com...
When was this published? This article was first published on June 26, 2026 by LAist (KPCC / Southern California Public Radio) and curated for The Los Angeles readers.
Who reported this story? This story was reported by Kristen Hwang | CalMatters at LAist (KPCC / Southern California Public Radio). To learn more about how The Los Angeles selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more local coverage from The Los Angeles, or browse our daily briefing and topic hubs .
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