The Cost of ‘Free’ Health Care

by

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

Author

  • Steve MacDonald

    Steve is a long-time New Hampshire resident, an award-winning blogger, and a member of the Board of Directors of The 603 Alliance and the National Heritage Center for Constitutional Studies. He is the owner of Grok Media LLC and the Managing Editor, Executive Editor, assistant editor, Editor, content curator, and more (yes, there's more) at GraniteGrok.com. Steve is also a former board member of the Republican Liberty Caucus of New Hampshire, the Republican Volunteer Coalition, and has worked for or with many state and local campaigns and grassroots groups, and is a past contributor to the Franklin Center for Public Policy.

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