$400 Billion Price Tag For California Single-Payer Bill

SACRAMENTO (AP) – State experts say a California bill that would provide government-funded health coverage for everyone in the state would cost $400 billion and require significant tax increases.

The Legislature’s financial analysis released Monday says much of the cost would be covered by existing state, federal and private spending on health coverage. But the analysis says total health care spending would increase by $50 billion to $100 billion a year.

The entire state general fund budget is $125 billion.

SB562 would eliminate traditional insurance companies and guarantee coverage for everyone. The state would contract with health providers and pay the bills for all residents similar to the way the federal government covers seniors through Medicare.

The concept known as single-payer has energized liberals who are pushing Democratic lawmakers to approve the measure.

Copyright 2017 The Associated Press.

Comments

One Comment

  1. Mark Dingman says:

    Wow California Socialized Medicine–That ought to be a CF based on the road condition in the state and Jerry’s ability to spend money on what it is earmarked for.

  2. Barb Scott says:

    There are areas that do not have enough primary care physicians to take care of the current insured folks, let alone a sudden flood. Where will we get doctors, how will we pay them? And what about Cali residents currently on Medicare? Will they all be switched to the state plan? Then what happens if they leave the state? I favor a single payer system, I think it will take a great deal of work and federal assistance in making plans meet.

  3. Go for it CA—this will attract more low income people to your state and the workers will all move out.

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