COST OF PROPOSED SINGLE PAYER IN CALIFORNIA IS HIGHER THAN THE STATE BUDGET

Posted on May 23, 2017

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Sac Bee: “The price tag is in: It would cost $400 billion to remake California’s health insurance marketplace and create a publicly funded universal heath care system, according to a state financial analysis released Monday.
California would have to find an additional $200 billion per year, including in new tax revenues, to create a so-called “single-payer” system, the analysis by the Senate Appropriations Committee found. The estimate assumes the state would retain the existing $200 billion in local, state and federal funding it currently receives to offset the total $400 billion price tag.”

“Steep projected costs have derailed efforts over the past two decades to establish such a health care system in California. The cost is higher than the $180 billion in proposed general fund and special fund spending for the budget year beginning July 1.”

Reduce costs, send them to the VA.

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Sac Bee: The price tag on universal health care is in, and it’s bigger than California’s budget

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Posted in: News, Politics