ICYMI: SACRAMENTO BEE: Articles question universal healthcare costs

Wednesday, May 24, 2017

SACRAMENTO –   The price tag for Sacramento Democrats’ single-payer healthcare bill, SB 562, is estimated to be a staggering $400 billion -- more than double California’s state budget.

In a Dan Walters’ column, he writes that Sacramento Democrats will need to raise taxes again – by $200 billion which is the equivalent of a 15 percent tax on all of Californians’ earned income layered on top of existing income taxes.” If this happens, it will be on the heel of this year’s SB 1 gas and car tax hike. This is the stuff of fiscal fantasy, and irresponsible public policy.

Meanwhile, the Editorial Board of the Sacramento Bee outlined some of the failures of SB 562.

Editorial: “Universal health care for California? In Fantasyland, maybe”

... Senate Bill 562 fails to answer the most basic reality-based questions, such as how the state, employers and health care consumers would pay for a single-payer, government-run health care system.

Advocates for a California-only single-payer program must have swallowed hard Monday when they read a legislative staff report that placed the annual cost at $400 billion, given that the entire $184 billion state budget wouldn’t cover even half of that.

... Before legislators join the nurses union’s effort to revolutionize health care, they need to fully spell out the real world costs and implications of Lara’s proposal. They aren’t close yet.

Please click here to read the entire article published in the Sacramento Bee.

Dan Walters: “Will Legislature raise taxes by $200 billion for universal health care?”

... How would the huge cost be covered?

... Even were it certain, that still would leave a $200 billion nut to be cracked – the equivalent of a 15 percent tax on all of Californians’ earned income layered on top of existing income taxes.

... There’s no way Democratic legislative leaders could persuade virtually all of their members to vote for $200 billion in taxes...

Please click here to read the entire article published in the Sacramento Bee.