Shock! A Democrat actually pays attention to cost
Pigs fly: Vermont’s very leftwing Democratic Governor actually canceled his attempt to take over the state’s healthcare system when his experts told him how expensive it was.
Mr. Shumlin ran in 2010 on an explicit single-payer platform in the most liberal state east of California, and the plan was conceived as a model for other states. … Under the Vermont plan, all 625,000 state residents were to be automatically enrolled in the government plan, with the same benefits for all. As with Medicare, employers would be subject to a payroll tax that would reduce wages, and workers would pay a premium based on a sliding income scale.
… The state accountants estimated that his plan required an 11.5% tax on worker payroll, with no exceptions. Individuals, meanwhile, would have paid as much as 9.5% of earnings, which would have applied to everyone making more than four times the poverty level, or $102,220 for a family of four—hardly the 1%. The full $2.59 billion in necessary funding would roughly double current state revenues (about $2.85 billion today).
…His ideological comrades are rarely dissuaded by the prospect of economic damage, as ObamaCare proves. But Mr. Shumlin has succeeded in making Vermont a national model: By admitting that single payer will make health care both more expensive and less efficient, he has shown other states what not to do. [emphasis mine]
As the highlighted text notes, Democrats routinely ignore what experts tell them about the cost of their proposals, being gladly willing to bankrupt everyone else in order to impose their ideological fantasies on us. (I exclude them because the costs of their proposals are never born by them but by others.)
Governor Shumlin’s decision to abandon his plan thus makes him a rare exception that proves the rule. If only more Democrats had this much contact with reality.
Pigs fly: Vermont’s very leftwing Democratic Governor actually canceled his attempt to take over the state’s healthcare system when his experts told him how expensive it was.
Mr. Shumlin ran in 2010 on an explicit single-payer platform in the most liberal state east of California, and the plan was conceived as a model for other states. … Under the Vermont plan, all 625,000 state residents were to be automatically enrolled in the government plan, with the same benefits for all. As with Medicare, employers would be subject to a payroll tax that would reduce wages, and workers would pay a premium based on a sliding income scale.
… The state accountants estimated that his plan required an 11.5% tax on worker payroll, with no exceptions. Individuals, meanwhile, would have paid as much as 9.5% of earnings, which would have applied to everyone making more than four times the poverty level, or $102,220 for a family of four—hardly the 1%. The full $2.59 billion in necessary funding would roughly double current state revenues (about $2.85 billion today).
…His ideological comrades are rarely dissuaded by the prospect of economic damage, as ObamaCare proves. But Mr. Shumlin has succeeded in making Vermont a national model: By admitting that single payer will make health care both more expensive and less efficient, he has shown other states what not to do. [emphasis mine]
As the highlighted text notes, Democrats routinely ignore what experts tell them about the cost of their proposals, being gladly willing to bankrupt everyone else in order to impose their ideological fantasies on us. (I exclude them because the costs of their proposals are never born by them but by others.)
Governor Shumlin’s decision to abandon his plan thus makes him a rare exception that proves the rule. If only more Democrats had this much contact with reality.