I certainly have other things to do.
Woosh
While $400B might seem like a lot, without context it is meaningless. The current cost of healthcare in the US is about $12,530/person. That means California currently spends around $500B for healthcare, making $400B seem like a bargain.
It seems unlikely that the California legislative analysis wasn’t aware of the existing costs. From the LA Times article:
The analysis found that the proposal would require:
- A total cost of $400 billion per year to cover all healthcare and administrative costs.
- Of that, $200 billion of existing federal, state and local funds could be repurposed to go toward the single-payer system.
- The additional $200 billion would need to be raised from new taxes.
Of course, those numbers are not adjusted for five years of inflation. In addition, the largest part of healthcare costs are for the 65+ crowd. I don’t think California would be planning on replacing Medicare.
DB2
I certainly have other things to do.
Woosh
LOL. Sounds like someone else has disagreed with Leap.
IP
5 Likes
LOL. Sounds like someone else has disagreed with Leap.
nah, I just take break from someone when they are thick.
The analysis found that the proposal would require:
- A total cost of $400 billion per year to cover all healthcare and administrative costs.
- Of that, $200 billion of existing federal, state and local funds could be repurposed to go toward the single-payer system.
- The additional $200 billion would need to be raised from new taxes.
One estimate for the 2022 bill:
www.politico.com/news/2022/01/31/californias-single-payer-bi…
AB 1400, sponsored by the California Nurses Association, would have all but eliminated private health care and replaced it with a centralized state-run financing system known as CalCare, a plan that legislative analysts estimated could cost between $314 billion and $391 billion a year.
DB2