The price tag is in: It would cost $400 billion to remake California’s health insurance marketplace and create a publicly funded universal heath care system, according to a state financial analysis released Monday.
California would have to find an additional $200 billion per year, including in new tax revenues, to create a so-called “single-payer” system, the analysis by the Senate Appropriations Committee found. The estimate assumes the state would retain the existing $200 billion in local, state and federal funding it currently receives to offset the total $400 billion price tag.
The cost analysis is seen as the biggest hurdle to creating a universal system, proposed by Sens. Ricardo Lara, D-Bell Gardens, and Toni Atkins, D-San Diego.
Well, no shinola, Sherlock! There is not a school of economics left, right, up, down or inside out that has refuted the science's most basic law: The money has to come from somewhere.
Read more here: http://www.sacbee.com/news/politics-government/capitol-alert/article151960182.html#storylink=cpy