$400 billion price tag for California single-payer bill

$400 billion price tag for California single-payer bill

$400 billion price tag for California single-payer bill

Ricardo Lara, D-Bell Gardens, the bill's chief author.

The entire state general fund budget is $125 billion, while the proposed 2017-18 state budget stands at just over $183 billion. As Vox details, "the state would pay for nearly all of its residents' medical expenses-inpatient, outpatient, emergency services, dental, vision, mental health, and nursing home care-and Californians would not have any premiums, copays, or deductibles". However, the state would need to raise another $200 billion from tax hikes, according to the analysis.

The report notes a new 15 percent payroll tax on workers and employers would fund half of the $400 billion. A recent poll commissioned by the California Association of Health Underwriters, found that 66 percent of California residents are opposed to single-payer health care.

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.

Senate Bill 562 would eliminate traditional insurance companies and guarantee coverage for everyone.

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Politically, however, this is a non-starter. Even if it passes the legislature, California Gov.

Democrats proposing the legislation have not said how they will pay for the plan. Sen. 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". Trump's cuts would slash about $45 billion from Medi-Cal. Residents who now receive insurance through employers would received coverage through the state.

If this happens, the costs of treating the poor and those who can't afford coverage would be spread throughout the public and private sectors. Californians pay an average of 11 percent of their income in state and local taxes, the sixth highest of any state, according to the Tax Foundation, a Washington, D.C.,-based think tank that favors lower tax rates, and the state's top income tax rate of 13.3 percent is already the nation's highest.

But it's likely, without effective opposition, reductions in funding to Medi-Cal will be coming.

In this country, most people who suffer health care related financial hardships actually have health insurance.

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