Single-Payer Health Care Would Cost $400 Billion Annually in California

Single-Payer Health Care Would Cost $400 Billion Annually in California

The object of their desire, Senate Bill 562, was the biggest item on the committee agenda, and a staff analysis laid out its vast cost - $400 billion a year, or more than three times the entire state general fund budget.

The estimated annual cost - triple the cost of California's proposed $124 billion general fund budget for next year, according to The Mercury News - includes all covered healthcare services and administrative costs, at full enrollment, the study said.

Even in the state that spends the most money each year, the $200 billion increase is asking for a lot. It was suggested that a 15 percent payroll tax would provide revenue for the bill.

Democrats proposing the legislation have not said how they will pay for the plan. Sen.

Senate Bill 562, known as Healthy California proposal, would provide coverage for 39 million Californians, supplanting existing employer health insurance as well as Medicaid and Medicare.

California is undertaking an ambitious bid to establish a single-payer health care system, and now its plan has a price tag: $400 billion a year.

Julian Assange's team calls for Turnbull government's help
Maajid Nawaz said while this marks the end of one set of charges, he has some of his own he thinks Assange should face up to. Barry Pollack, an attorney in Washington representing Assange, said the British should allow Assange to travel to Ecuador.

The cost analysis is seen as "the biggest hurdle to creating a universal system", the Bee reports. "How can you say this will be fiscally prudent for the state?"

One tiny, insignificant detail: there's no way the state can afford this.

The bill must be approved on the state Senate floor by June 2 in order to advance to the Assembly.

"Needless to say, doubling California's tax burden would give them the highest taxes in the country by far", Joe Henchman, vice president of state projects for the Tax Foundation, told Reason on Tuesday.

"It will cost employers and taxpayers billions of dollars and result in significant loss of jobs in the state", the Chamber of Commerce said in its opposition letter. Jerry Brown is leery.

Single-payer advocates learned that lesson previous year in Colorado at the ballot box, as the state turned blue for Hillary Clinton even as 79 percent of voters said "no" to single-payer health care. "It's the only way to guarantee health care for every Californian in a sustainable way, especially given efforts in Washington to roll back coverage", said Michael Lighty, director of public policy for the California Nurses Association. But the tax increase would need to be voted on separately in the Legislature.

Related news:

Hot News

isis-killer-beheading-video-story-top Is your sunscreen protecting you? Report ranks sunscreens
May 24, 2017 - 04:10
He notes that aerosol sprays can also be tricky because people often spray them on their skin and miss large patches of the skin. Adam Friedman also recommended parents use mineral block sunscreens on children until they are at least four years of age.

isis-killer-beheading-video-story-top Should You Buy Or Sell QUALCOMM Incorporated (NASDAQ:QCOM) On Analyst Concensus?
May 24, 2017 - 04:09
Deutsche State Bank Ag owns 1.71 million shares or 0.1% of their U.S. portfolio. $491,286 worth of QUALCOMM, Inc . (NASDAQ:QCOM). The company's current price-earnings ratio amounts to 19.18 times earnings, above the average P/E ratio of 10.21 times earnings.

'Angel of Manchester': 'I heard children shouting for their dad'
May 24, 2017 - 04:09
There were lots and lots of children at Holiday Inn'. "The hotels are fully operational and continue to offer support". Police said: "Emergency services are now responding to reports of an explosion at Manchester Arena".

North Korea-linked hackers 'highly likely' behind WannaCry: Symantec
May 24, 2017 - 04:05
The earlier versions and WannaCry largely the same, with some minor changes, chiefly the incorporation of the EternalBlue exploit. Similar attacks were attempted in 2016, and the panel chair advised there is now a "heightened risk" of attack.

isis-killer-beheading-video-story-top With hopes for peace uncertain, Trump to visit Israel
May 23, 2017 - 00:19
Since its founding in 1948, only five USA presidents have visited Israel. Mr Trump said the story is another one the news media has gotten wrong.

isis-killer-beheading-video-story-top Apple Music starts charging for three-month trials in three countries
May 23, 2017 - 00:17
It should be noted though, that its top rival in the music streaming industry also offers a three-month discount in the U.S. AppleInsider speculates that the company may now be trying to recover some of those costs with paid trial periods.

isis-killer-beheading-video-story-top Canada's Justin Trudeau photobombs students' prom picture
May 23, 2017 - 00:11
He accidentally walked in on a wedding procession on a British Columbia beach past year as a bride was walking down the aisle. The same month, a Canadian family stumbled on him emerging from a cave while hiking in Quebec's Gatineau Park.

Dixon takes 3rd Indy pole with fastest speeds in 21 years
May 22, 2017 - 06:40
Davison, of Australia, replaces French driver Sebastien Bourdais, who had successful surgery to fix his pelvis Saturday night. Dale Coyne Racing's No. 18 vehicle , with replacement driver James Davison, will start from the back of the field.

isis-killer-beheading-video-story-top Trump to become 6th U.S. president to visit Israel
May 22, 2017 - 06:36
On Monday and Tuesday, Trump is to visit Israel and the West Bank, for meetings with the Israeli and Palestinian leaders. They might not have been as shocked by this week's events had they not suffered from these delusions in the first place.

Andre Dirrell's Uncle Sucker Punches Opponent In Wild Scene After Boxing Fight
May 22, 2017 - 06:26
He cost himself a victory with the move, although that didn't stop Lawson from entering the ring and landing a sucker punch. Police started a manhunt for Lawson, who could face assault charges which can carry a 25-year jail sentence.

isis-killer-beheading-video-story-top Adams eager for chance to start as Braves' first baseman
May 22, 2017 - 06:24
To clear a spot on their 40-man roster, the Braves transferred right-hander Chaz Roe to the 60-day disabled list. The Atlanta Braves have brought in an interesting and intriguing temporary replacement for Freddie Freeman .

isis-killer-beheading-video-story-top Saturday's Round of the NCAA Championships Cancelled; Play to Resume Sunday
May 22, 2017 - 06:15
His six birdies on the day tied for the tournament lead while his -3 shooting on the par 4s also tied for the tournament lead. Lee Hodges (3-under 68), Josh Sedeno (2-under 69), and Davis Riley (1-under 70) shot below par in the third and final round.

isis-killer-beheading-video-story-top Watch a Teenage Mark Zuckerberg React to Getting Into Harvard
May 21, 2017 - 07:03
The video, taken by his father Edward Zuckerberg, shows a young Mark in his pyjamas sat at his computer checking emails. He initially tried to push the camera away before he celebrated with a quiet: " Yay, I got accepted ".

isis-killer-beheading-video-story-top Is Lonzo Ball the right choice for the Lakers at No. 2?
May 20, 2017 - 05:10
If not to have first choice of the best available player, then to make sure your pick has as much trade value as possible. Pierce, who retired at the end of the season, took to Twitter to acknowledge his hand in the Celtics' lottery fortune.

isis-killer-beheading-video-story-top Man United held by Southampton in 0-0 stalemate
May 20, 2017 - 04:59
"We played a good team, a team who tried to win and tried to finish well", Mourinho said after visiting goalkeeper Sergio Romero saved a barrage of hard shots, including Manolo Gabbiadini's fifth-minute penalty.