No one ever said a single payer health system would be cheap …. or free – PB/TK
The price tag on universal health care is in, and it’s bigger than California’s budget – By Angela Hart / May 22 2017
It would cost $400 billion per year 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, likely 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.
The cost analysis is seen as the biggest hurdle to create a universal system, proposed by Sens. Ricardo Lara, D-Bell Gardens, and Toni Atkins, D-San Diego.
Continue to sacbee.com article: http://www.sacbee.com/news/politics-government/capitol-alert/article151960182.html
