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Seniors spend, on average, far more on health care costs than either working-age adults or children. The pattern of spending by age was stable for most ages from 1987 through 2004, with the exception of spending for seniors age 85 and over. Spending for this group grew less rapidly than that of other groups over this period. [28]
Proposition 55 is a California ballot proposition that passed on the November 8, 2016 ballot, regarding extending by twelve years the temporary personal income tax increases enacted in 2012 on earnings over $250,000, with revenues allocated to K–12 schools, California Community Colleges, and, in certain years, healthcare. [2]
Falling birth rates result in fewer people graduating from high school. The number of high school graduates grew 30% from 1995 to 2013, then peaked at 3.5 million. [202] Liberal arts programs have been declining for decades. From 1967 to 2018, college students majoring in the liberal arts declined from 20 percent to 5 percent. [203]
The UC pension fund's asset value rose to $98.6 billion as of June 30, 2024, up from $88.3 billion the year before, with five- and 10-year annualized returns of 7.9% and 6.9%, respectively, and 20- and 30-year annualized net returns of 6.9% and 8.6%, respectively.
Several single payer referendums have been proposed at the state level, but so far all have failed to pass: California in 1994, [163] Massachusetts in 2000, and Oregon in 2002. [164] The state legislature of California twice passed SB 840, The Health Care for All Californians Act, a single-payer health care system.
Read more:A major auto insurer returns to California — with a 30% price hike The technological bells and whistles packed into newer cars can drive up the cost of a potential claim.
Reed College. In 1995, Reed College refused to participate in U.S. News & World Report annual survey. According to Reed's Office of Admissions, "Reed College has actively questioned the methodology and usefulness of college rankings ever since the magazine's best-colleges list first appeared in 1983, despite the fact that the issue ranked Reed among the top ten national liberal arts colleges.