The state of California estimated a single-payer health care proposal will cost the state $400 billion per year, a figure twice the entire current state budget.
It turns out that even in far-left California can government cost be prohibitive. That’s the reaction, at least, to a new state analysis putting the price tag for single-payer health care in California at $400 billion per year.
For perspective’s sake, that is more than twice the entire state’s current budget. The Sacramento Bee has more:
California would have to find an additional $200 billion per year, including 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 is higher than the $180 billion in proposed general fund and special fund spending for the budget year beginning July 1.
Of course, this is not the first time a non-partisan analysis has found the costs of single-payer health care to be quite prohibitive. Separate analyses of Sen. Bernie Sanders’ (I-VT) single-payer proposal in 2016 found it would cost anywhere from $1.38 trillion to $2.47 trillion per year.
For perspective, President Trump proposed on Tuesday that the entire federal government spend $4.1 trillion in the next fiscal year.
It’s worth seeing if single-payer health care becomes a litmus-test issue for Democrats running for president in 2020. Sanders and Sen. Elizabeth Warren (D-MA) already support it.
8.16.17 12:14 pmWho Is Hope Hicks? Meet the Woman Named Interim WH Comms Director
How a 28-year-old from Greenwich, Connecticut rose to power inside President Trump’s inner circle to become one of Trump’s most trusted staffers.
8.15.17 10:03 amGOP Group Announces $500k Spend on Digital Ads for Tax Reform
The American Action Network plans on spending around $20 million on tax reform by Thanksgiving.
8.10.17 10:01 amA ‘Fundraising Crisis’ is Crippling the Democratic Party
Over the first six months of 2017, the RNC raised $75 million while Democrats pulled in just $38 million.
8.8.17 4:43 pmHere’s What Would Happen if North Korea Hit A U.S. City With a Nuke
According to reports, Pyongyang has developed the capability to hit the United States with nuclear weapons.