Single Payer Health Cost Pegged at $400 Billion

Single Payer Health Cost Pegged at $400 Billion

Blake Casey
May 24, 2017

It was suggested that a 15 percent payroll tax would provide revenue for the bill. Moreover, even if Brown signed the bill into law, a Republican-led Congress would have no reason, or interest, in making sure the federal government cooperated in the program. The state would pay for nearly all of its residents' medical expenses - inpatient, outpatient, emergency services, dental, vision, mental health, and nursing home care - under the plan, and Californians would not have any premiums, copays, or deductibles.

The report was prepared before state legislative hearings considering overhauling healthcare coverage to all 39 million Californians. That's enough to cover about half of the $400 billion cost, according to the legislative analysis.

The Senate analysis noted that all of its projections were “subject to enormous uncertainty” because the bill would mark “unprecedented change in a large health care market.”. The state party's 2016 platform promised to "s$3 upport and implement universal comprehensive health care for all Californians that includes medical and dental care, full reproductive health services that respects a woman's right to choose, preventive services, prescription drugs, and mental health and substance abuse counseling and treatment".

State Sen. Bill Monning, who represents San Luis Obispo County, cast one of the votes in favor of the single-payer bill.

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"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.

The analysis, released by the State Senate Appropriations Committee, considers legislation proposed by its chair, State Sen. “The impact on employers will be astounding, ” Nielsen said. On Monday, state lawmakers in Sacramento got their first look at the price tag for the proposal, which rings in at a whopping $400 billion annually. “How can you say this will be fiscally prudent for the state?

Lara and the nurses union moved forward with single payer once it became clear President Trump was going to work toward dismantling Obamacare.

Single-payer advocates learned that lesson a year ago 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. Single-payer health insurance makes health care issues a lot easier to deal with, for the people who use it, and also for doctor offices and businesses.