Auditor finds L.A. Care financially stable, flags $58.3 million misreported liabilities
The county's annual review says the public health plan took in $355 million more than it spent in 2023-24 but projects a sharp drop.
L.A. Care, the publicly run health plan covering about 2.4 million low-income county residents, met state financial requirements in 2023-24, though auditors found $58.3 million in liabilities misclassified and income from operations projected to fall about 80 percent to $72 million. The Auditor-Controller will report again on two outstanding recommendations in its next annual review.
Auditor-Controller will report on the two outstanding recommendations in its next annual financial condition review, including for the year ended December 31, 2026.
- L.A. Care Health Plan
- Oscar Valdez 70
- Los Angeles County Auditor-Controller 63
- Robert G. Campbell 46
- Department of Health Care Services
- Audit Committee 72
Machine flag: this draft did not pass every automatic check (summary sentences). The document is authoritative.
Photo: Visitor7, CC BY-SA 3.0, via Wikimedia Commons
