SacBee - 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.
Steep projected costs have derailed
efforts over the past two decades to establish a publicly funded,
universal health care system in California. The cost is higher than what
is proposed for the state’s General Fund budget is about $180 billion.
Employers currently spend between
$100 billion to $150 billion per year, which could be available to help
offset total costs, according to the analysis. Under that scenario,
total new state spending to implement would be between $50 billion and
$100 billion per year.
-----
Do the math. 36 million. Per person $11,000 each. $45,000 family of four. But wait. You know damn well half will pay nothing so $90,000 per paying family. Will we finally rise up with pitchforks?
Read more here: http://www.sacbee.com/news/politics-government/capitol-alert/article151960182.html#storylink=cpy
-----