I'm in total shock that Vermont isn't going to enact their single payer system. I mean look at Canada and Great Britian's system.. It's totally cheap, cutting edge health procedures, top doctors in the world, almost no bureaucracy, and you get health services so quickly... almost McDonalds quickness.
Some excepts from article:
"The problem is, of course, how to pay for it. Even while plans were
moving forward for a 2017 launch of the single-payer system, to be
called Green Mountain Care, Shumlin had held off on releasing a plan for
how to pay for the system, waiting until his announcement Wednesday.
Tax hikes required to pay for the system would include a 11.5 percent
payroll tax as well as an additional income tax ranging all the way up
to 9.5 percent. Shumlin admitted that in the current climate, such a
precipitous hike would be disastrous for Vermont's economy."
"But beyond federal funding, the report also admits that the
single-payer system won't save money as Vermont officials had planned.
While both previous reports on Green Mountain Care had assumed "hundreds
of millions of dollars" in savings in the very first year of operation,
Shumlin's office is now admitting that's "not practical to achieve."
"State government and providers need to partner to bend cost curve
over time," the report concluded. And the state admitted that while it
would need to "ease the transition" for Vermont's businesses, it would
be "extremely expensive" to do so."
The famous "bend cost curve over time" line.
"Shumlin's admission that the shift to single-payer won't alleviate
rising health care costs - and that it'll add a bundle of tax hikes -
buttresses single-payer's political opposition."
Article
Some excepts from article:
"The problem is, of course, how to pay for it. Even while plans were
moving forward for a 2017 launch of the single-payer system, to be
called Green Mountain Care, Shumlin had held off on releasing a plan for
how to pay for the system, waiting until his announcement Wednesday.
Tax hikes required to pay for the system would include a 11.5 percent
payroll tax as well as an additional income tax ranging all the way up
to 9.5 percent. Shumlin admitted that in the current climate, such a
precipitous hike would be disastrous for Vermont's economy."
"But beyond federal funding, the report also admits that the
single-payer system won't save money as Vermont officials had planned.
While both previous reports on Green Mountain Care had assumed "hundreds
of millions of dollars" in savings in the very first year of operation,
Shumlin's office is now admitting that's "not practical to achieve."
"State government and providers need to partner to bend cost curve
over time," the report concluded. And the state admitted that while it
would need to "ease the transition" for Vermont's businesses, it would
be "extremely expensive" to do so."
The famous "bend cost curve over time" line.
"Shumlin's admission that the shift to single-payer won't alleviate
rising health care costs - and that it'll add a bundle of tax hikes -
buttresses single-payer's political opposition."
Article
