This is an excerpt from a Politico piece on Colorado’s planned vote on a partial single-payer health plan.
If it sounds familiar, it should because people will be asked to vote for more for less which of course is always appealing, but what else would you expect from a state where you can hop on your motorcycle without a helmut after getting high on marijuana and go buy a gun without a permit? Come to think of it, these folks may well need more “free” “affordable” health care. 😷
Most of the money to finance the model would come from a new payroll tax estimated to bring in $25 billion per year. Employers would pay two-thirds of the cost and workers would pay one-third. The state is also counting on $11.6 billion in annual federal funding it would otherwise receive through Medicaid and Obamacare.
Reid argues the new system would lead to lower administrative costs, more generous coverage without exorbitant deductibles and copays, and insure the people Obamacare has failed to cover — including undocumented immigrants.
A board of trustees would govern operations, be responsible for setting provider reimbursement rates and could negotiate lower prices with pharmaceutical companies. Yet similar to Vermont’s defunct plan, certain populations, including Medicare beneficiaries, are excluded from ColoradoCare. It wouldn’t abolish private insurance companies, who could still sell competing coverage.
So, will all health care providers be required to accept this coverage and the set fees?
Holy crap! Haven’t you heard this nonsense before like the promises of Obamacare, HMOs in the 1980s and more recently co-op health plans?
Are people really so stupid as to believe you can provide more benefits, lower out-of-pocket costs, less administration via a bureaucracy (I wonder if they are going to tell voters the State pension fund is only 60% funded when it should be at least 80%) and cover a high risk group that may not even be paying the payroll tax because they are undocumented, and at less cost?
Are voters in Colorado savvy enough to ask how all this can be accomplished while ignoring the laws of economics, mathematics and human nature? Will they ask what that payroll tax will be and what will happen when health care inflation outpaces wage increases?