Estimated cost for single-payer healthcare in California reduced by billions in analysis...

[PoliticAverse]

sponsored by supporters.

With a state Senate vote possibly imminent on a single-payer health system for California, supporters Wednesday released a study estimating it would cut spending on healthcare in the state by 18% and cost tens of billions of dollars less than the state's estimate for the plan.

Extra costs could be covered by tax increases, according to the analysis sponsored by the California Nurses Assn./National Nurses United, the leading supporter of legislation.

A legislative analysis had estimated the cost of the proposed system to be $400 billion annually, but a study released by the nurses Wednesday estimates the yearly cost would be $331 billion as of 2017.

The estimate was made by the Political Economy Research Institute at the University of Massachusetts Amherst, in a study partly financed by the nurses association.

Read the rest at: http://www.latimes.com/politics/essential/la-pol-ca-essential-politics-updates-single-payer-health-system-costs-for-1496254510-htmlstory.html

[lapfog_1]

1. still way too high

https://www.democraticunderground.com/?com=view_post&forum=1040&pid=16641

[still_one]

2. Actually the figure I heard was closer to 200 billion a year because the federal government

provides California about 200 billion a year.

No doubt state taxes would be increased, but I would gladly pay that for single payer here.

[PoliticAverse]

3. The $331 billion figure is the total expenditure cost, it doesn't include offsetting revenue...

like that the federal government currently provides.

In the state computed original estimate the numbers were:

The price tag is in: It would cost $400 billion to remake California’s health insurance marketplace and create a publicly funded universal health 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.

(From: http://www.sacbee.com/news/politics-government/capitol-alert/article151960182.html )

[BigmanPigman]

4. Me too!

[stuffmatters]

5. Steven Rosenfeld in Alternet/Salon describes true costs, and big savings in the UMass Study

And.whoa boy, if there's a 2.5 corp tax on raw sales over 2 million you can expect the tax dodging mega corps in Ca to go ballistic,
,so expect an anti single payer propaganda tsunami.