Either it pays for itself or it’s 4 billion of your dollars down the hole in 5 years.
The State of California (sometimes it’s more a state of mind than anything substantive) is facing a 14.5 billion dollar shortfall, and yet, in their reckless pursuit of assuaging all societal inequities, the majority of the Democrat Legislators and the Republican Governator are seeking to enact socialized medicine in California.
Using additional fees on each and every employer, worker, and hospital, plus a $1.75 tax hike on each pack of cigarettes, the system seeks to ensure universal coverage in the Golden State.
California’s big problem right now is that it’s legal climate has driven all meaningful business out of the state. It is getting more and more uneconomical to maintain a business in the state as stifling and confiscatory taxes, fees, and regulations increase alarmingly.
As businesses flee the state and close down, revenues will continue to decrease in an increasing trend.
California is a good example of liberal policy carried to it’s logical conclusion.
Soon, my parents and siblings and relatives will be waiting in line at the clinics to received government-mandated testing and/or procedures.
Think I’m getting a bit apocalyptic? What about the push to require the HPV vaccination of all girls? Somebody somewhere will have some golden idea that sounds great and looks like the “greater good” and someone else will believe them. That’s all it takes where there is no accountability and more stultifying bureaucracy.
The health care plan aims to extend insurance to roughly 70 percent of the state’s uninsured population by expanding government health programs, forcing businesses to provide coverage to workers or pay a fee to the state, and imposing new taxes on hospitals and tobacco. If the proposal wins the support of the Legislature, voters would have to approve a ballot initiative in November in order for it to become law.
In a best-case scenario, the plan’s revenues would cover its costs in the first year, Legislative Analyst Elizabeth Hill wrote in her review released Tuesday evening. However, by the fifth year, she estimates the program’s annual costs would exceed revenues by $300 million.
From the San Jose Mercury News.
Read more articles on this, from Google.
And what about the plans being touted by each and every Democrat running for president? If the State of California will suffer this badly, let us just tank the entire US economy while we’re at it.
Remember, reform is not worthwhile if it makes the problem worse.