2aguy
Diamond Member
- Jul 19, 2014
- 112,174
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Yeah....since left wingers believe in pixie dust and unicorns is it any surprise they think a single payer healthcare system would actually work...since it isn't working anywhere else in the world....
The Washington Post got a dose of reality...they ran some of the numbers for a single payer healthcare system.......and broke into a cold sweat...
WaPo Admits Single-Payer Health Care Would be "Astonishingly" Expensive
Washington Post: Hey, maybe single payer isn't such a great idea - Hot Air
“I was skeptical when the original bill passed,” Peter Galbraith, a Vermont state senator, said. “When you pass a benefit and don’t say how you’re going to pay for it, it raises the obvious question of, ‘How are you going to pay for it?'”
The answer, for Vermont, was a disheartening one: The state wouldn’t ever pay for the plan. By December 2014 — more than three years after Act 48 became law — the Shumlin administration had run the numbers dozens of different ways.
And its analysts had found that it would cost $2.5 billion to buy coverage for all Vermonters.
In Vermont, this was massive: The state only raises $2.7 billion in taxes a year — the single-payer plan would mean doubling tax collections.
The Shumlin administration estimated it would need to increase payroll taxes by 11.5 percent and income tax by 9 percent. That’s a big lift even if it would replace existing health premiums.
The Washington Post got a dose of reality...they ran some of the numbers for a single payer healthcare system.......and broke into a cold sweat...
WaPo Admits Single-Payer Health Care Would be "Astonishingly" Expensive
Washington Post: Hey, maybe single payer isn't such a great idea - Hot Air
“I was skeptical when the original bill passed,” Peter Galbraith, a Vermont state senator, said. “When you pass a benefit and don’t say how you’re going to pay for it, it raises the obvious question of, ‘How are you going to pay for it?'”
The answer, for Vermont, was a disheartening one: The state wouldn’t ever pay for the plan. By December 2014 — more than three years after Act 48 became law — the Shumlin administration had run the numbers dozens of different ways.
And its analysts had found that it would cost $2.5 billion to buy coverage for all Vermonters.
In Vermont, this was massive: The state only raises $2.7 billion in taxes a year — the single-payer plan would mean doubling tax collections.
The Shumlin administration estimated it would need to increase payroll taxes by 11.5 percent and income tax by 9 percent. That’s a big lift even if it would replace existing health premiums.