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  #1  
Old 06-01-2017, 08:08 PM
Originalist Originalist is offline
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California single-payer 400 billion in hole

http://www.latimes.com/politics/esse...htmlstory.html
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  #2  
Old 06-02-2017, 07:10 AM
Aquila Aquila is offline
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Re: California single-payer 400 billion in hole

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Originally Posted by Originalist View Post
Keep in mind, although there is a payroll tax increase, those paying this tax are no longer paying high monthly premiums. In the end, the taxes paid will be less than what they are paying in premiums and out of pocket costs. In addition, any taxation on businesses will be offset by the fact that businesses won't have to put so much money and focus on providing health insurance plans for employees. As with the payroll tax, most businesses currently pay more in providing employees health insurance than they will the tax increase.

I predict that, by unshackling business from having to provide insurance with a tax increase that costs less than current premiums, we'll actually see the economy of California unleashed. Businesses can focus on business, and citizens will have more spending power.
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Old 06-02-2017, 07:15 AM
Aquila Aquila is offline
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Re: California single-payer 400 billion in hole

Let's say that I pay a $600 monthly premium in addition to my copays and out of pocket costs. What I'll see is my monthly premium and out of pocket costs go away. And my taxes will be increased by $210 with perhaps a now lower $80 premium. My total monthly cost for health insurance is now only $290. That means I have an extra $310 dollars of spending money in my pocket. My spending power just increased by $3,720 a year.

With employer provided health insurance, employers pay nearly 30% of inpatient and physician care for their employees. That's quite an expense for a large company. Imagine if all that goes away... and you simply pay an extra 12%-15% in taxes. Many businesses will walk away pay less in taxes than they do paying for employee plans. The additional revenue saved can be put into advertising and product development... or an increase in CEO salaries. LOL

So, in spite of the doom and gloom over the plan in California, I predict that after the sticker shock wears off and people begin to realize how much they are saving... the Californian economy will see impressive growth (which will generate more revenue for the program itself). Just as corporations and major companies move to nations like Denmark, Canada, UK, Belgium, Switzerland, China, Japan, India, etc. that have universal healthcare, California will begin to see businesses and major domestic companies knocking on their door... because paying for employee healthcare is just to laborious and expensive in the states they currently reside in.

Last edited by Aquila; 06-02-2017 at 07:33 AM.
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Old 06-02-2017, 07:25 AM
Originalist Originalist is offline
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Re: California single-payer 400 billion in hole

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without a way to pay its $400-billion tab



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Old 06-02-2017, 07:34 AM
Aquila Aquila is offline
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Re: California single-payer 400 billion in hole

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A little over half of it is already paid for.

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Old 06-02-2017, 07:36 AM
Aquila Aquila is offline
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Re: California single-payer 400 billion in hole

People forget that while taxes might go up... monthly premiums for households and costs to employers to help provide health insurance... go away. The tax is never as expensive as the current payments. The end result is an increase in spending power.
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Old 06-02-2017, 08:04 AM
Originalist Originalist is offline
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Re: California single-payer 400 billion in hole

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Originally Posted by Aquila View Post
A little over half of it is already paid for.


Please stop denying the obvious. How foolish it is for a government to adopt such a plan without a way to pay for it.
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Old 06-02-2017, 08:23 AM
Originalist Originalist is offline
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Re: California single-payer 400 billion in hole

The far-left state of California is looking at the possibility of a single-payer health care system. But there is a massive problem facing them: such a program would be bigger than..the entire state budget.

Yes, you read that correctly.

According to The Sacramento Bee, a couple of Democratic state senators are attempting to advance a bill creating a single-payer health care system. However, the Senate Appropriations Committee concluded..that establishing a single-payer system would cost the state $400 billion. The state's budget for the upcoming fiscal year is currently at $183 billion.

In other words, a single-payer health care system would cost twice as much as California's entire state budget.

The bill would cover all state residents —..including illegal immigrants —..and provide free health care without any co-pays or deductibles..whatsoever. Additionally, a..nine-member panel would oversee the system...

Here are more highlights of the bill: (H/T:..California Political Review)..

Covers Californians for all medical care, including inpatient, outpatient, emergency care, dental, vision, mental health, and nursing home care.

Eliminates co-pays and insurance deductibles

Californians can choose their doctor from a full list of health care providers, not a narrow network chosen by insurance companies.

Referrals are not required for a member to see any eligible provider.

Californians are covered when they travel.

Physicians and nurses will make decisions about care, and have the ability to override computers or clinical practice guidelines in the best interest of the patient.

Healthy California will be governed by a nine-member, unpaid board appointed by the governor and Legislature and a public advisory committee of doctors, nurses, other health care providers, and consumers.

Healthy California will cover comprehensive health care, and insurance companies cannot offer benefits for services covered.

Healthy California will not disclose personally identifiable information to the federal government about members’ religion, national origin, ethnicity, or immigration status for law enforcement or immigration purposes.

The board will develop proposals related to long-term care, retiree health care and health care services covered under worker’s compensation.

Healthy California will provide premium assistance for Medicare Part D for eligible members.


Taking all that into account, it shouldn't be that surprising that the bill has such a high price tag.

Other states that have attempted to implement single-payer health care systems faced similar problems of taxpayer costs:

"Just last week, we reported on a similar single-payer proposal in New York State, which would require..doubling (and possibly quadrupling,..depending on which projection you believe) the state's tax burden. Vermont's attempt to implement a single-payer health care system..collapsed in 2014..because the costs were too high...Colorado voters rejected a proposed single-payer system..in 2016 when faced with the prospect of..increasing payroll taxes by 10 percent..to meet the estimated $25 billion annual price tag."


California already faces a $1.6 billion budget deficit this year, but the state's debt problems are actually much worse than that, as the state..faces unfunded liabilities of almost a trillion dollars. Given that the Tax Foundation has already ranked California as having the sixth-highest tax rates in the nation, the ensuing tax rates from implementing a single-payer health care bill system would be even more onerous and cripple the state's economy.

The problem with creating utopia is that reality eventually kicks in and the attempted utopia turns into a living nightmare, which is why states that have tried to implement single-payer have failed to do so...The price tag of the bill being put forward in the state senate suggests the same will be true for California.

http://www.dailywire.com/news/16783/...-aaron-bandler
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  #9  
Old 06-02-2017, 09:03 AM
Aquila Aquila is offline
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Re: California single-payer 400 billion in hole

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Originally Posted by Originalist View Post
Please stop denying the obvious. How foolish it is for a government to adopt such a plan without a way to pay for it.
Look, if we can put a man on the moon... we can find a way to cover all Americans.

You have to have faith.

It's obvious that they are going to need to impose some tax hikes. The key will be to ensure that those tax hikes are significantly lower than current costs. That means there has to be a broader base from which to collect the revenue. The current budget is already paying for about half of the program. A payroll tax, sales tax, and business tax should cover what is left. And as long as they keep the taxes lower than the current premiums and out of pocket costs... they'll be fine.
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  #10  
Old 06-02-2017, 09:29 AM
aegsm76 aegsm76 is offline
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Re: California single-payer 400 billion in hole

Hey, I am all for them doing this!
Let them lead the way!
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