OR NOT! – Vermonts Single-Payer Dream Is Taxpayer Nightmare – Bloomberg View.
The cost, an optimistically estimated $1.7 billion. Keep in mind that the state’s present tax collection totals $2.7 billion. Megan McArdle concludes…
So this is going to be expensive. So expensive that I doubt Vermont is actually going to go forward with it.
This should be instructive for those who hope — or fear — that Obamacare has all been an elaborate preliminary to a nationwide single-payer system. It isn’t. The politics are impossible, and even if they weren’t, the financing would be unthinkable.
I’m not so sure it’s “too expensive.” For supporters of Single payer, much like global warming advocates, no cost is too high.
