Shumlin writes about his 'most difficult decision'
Source: Burlington Free Press
Earlier this week, I made one of the most difficult decisions of my public life when I announced that I cannot support a move to a publicly-financed health care system in Vermont at this time. I have advocated for such a system for much of my public life, but over the past two weeks it has become clear to me that the risks and economic shocks of moving forward at this time are too great.
...
The cost of that plan turned out to be enormous, requiring an 11.5 percent payroll tax on all Vermont businesses and a public premium assessment of up to 9.5 percent of individual Vermonters' income. Further, the phase-in for smaller businesses and those that do not currently offer insurance would add an additional $500 million to the system. These are tax rates that I cannot responsibly support or urge the Legislature to pass. In my judgment, the potential economic disruption and risks would be too great to small businesses, working families and the state's economy.
Read more: http://www.burlingtonfreepress.com/story/opinion/2014/12/18/shumlin-writes-difficult-decision/20581091/
I wonder if locals know more?
cosmicone
(11,014 posts)because health insurance companies still have to make a profit.
Medicare for all is the only and the best alternative but it can only be done at the federal level.
Recursion
(56,582 posts)cosmicone
(11,014 posts)Doctor_J
(36,392 posts)the paperwork...not only for every man, woman and child who lives there, but for visitors too...
I would place the US right now as the most corrupt developed nation on Earth - maybe in history