L.A. Care Health Plan and Health Net said May 3 they are investing $114 million into initiatives aimed at addressing homelessness and housing insecurity as social determinants of health in Los Angeles County.
Health Net is Centene's managed care subsidiary in California that provides Medicaid and Medicare coverage to three million people. L.A. Care Health Plan serves more than 2.8 million members in Los Angeles County, making it the largest publicly operated health plan in the country.
The funding for the investment comes from California's Housing and Homelessness Incentive Program and the American Rescue Plan Act. Through the state program, managed care plans can earn incentive funding for making progress in addressing homelessness in the state. L.A. Care will be allocating $80 million to the project and Health Net will allocate $34 million, according to a news release.
In collaboration with the Los Angeles County Homeless Initiative, the investment will fund two initial strategies:
- Securing 3 to 10 year leases for up to 1,900 housing units and paying for their maintenance.
- Field assessments over five years for unhoused individuals to determine who needs daily assistance and helping to support a move to permanent housing.