The Cost of 'Free' Health Care - Granite Grok

The Cost of ‘Free’ Health Care

Vermont has embarked on a mission to create a single payer system.  They voted for it but have yet to pass a bill to pay for Ball-and-Chainit.  I wonder why?

“…Act 48 required Vermont to create a single-payer system by 2017, the state hasn’t drafted a bill spelling out how to raise the additional $1.6 billion a year (based on the state’s estimate) the system needs. The state collected only $2.7 billion in tax revenue in fiscal year 2012…”

Adding single player would increase total taxation by 60%

“Paying for this program would likely make Vermont the highest-taxed state in the nation, by quite a lot.”

So if Vermont wants “free” healthcare, all they have to do is raise taxes by a paltry 60% — just to get started.

Anyone think this might create a net migration of businesses and wealth out of Vermont?  Anyone? Anyone?  Obama!?

Bloomberg

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