How will California pay for an individual mandate?

California’s new law providing state-paid subsidies for the purchase of health insurance seems to be good news for insurance companies, but it may be bad news for taxpayers.
Senate Bill 78, signed by Gov. Gavin Newsom on June 27, requires California residents to have health insurance or pay a penalty, and it provides subsidies to individuals with incomes up to six times the federal poverty level. That’s an income of about $75,000 per year for an individual, and up to $154,500 for a f