Single payer is going to happen in VT come hell or high water. The liberals have far too much invested politically to stop now. There will be some perfunctory discussion about the loss of jobs but that is all.
Pray for those of us behind the maple curtain.
But that's not going to happen.
13% would become 15% and then 17% while care gets more and more restricted
Tomorrow I tap my big maple tree........
East Tennessee Maple syrup......... Yummmm
Best in the world. Southern photons yield greater maple biomass and sweeter syrup
How much of Vermonts revenue comes from tourism? Anyone know.
I realize they have a few colleges up there to support those communities and that the place is getting about as liberal as one place could get, but other than skiing and college, what else is up there?
Be interesting to see how expensive lift tickets, etc are going to become when all these costs are passed off to the tourists and those that have vacation homes up there.
So only those working pay for everyone. That’s nice.
Not wasting any of my prayer time on Vermont. The best I can do for you is to send ammunition. You’ve got some people there who are so damdumb that killing might be their only cure. If they refuse re-education in business and math then your choices are limited. At a minimum the outlined proposal will accelerate the underground economy like nothing else imagined. Then you can watch jobs leave the state on the imagined bullet train I’m sure the same geniuses would no doubt love to have-—the one that connects them to Nirvana-—or maybe Greece.
Good incentive for employers not to hire anybody.
“Galbraith proposes an 11 percent tax on employer payroll and a 2 percent rate for employees. Self-employed would pay both ends and the self-insured would not be exempted”
Good gravy!
In all seriousness, it would probably be cheaper to just create a medical tourism fund to fly people down to Panama or one of the other countries with for-profit hospitals catering to westerners with hard currency. Great care and low prices - everything Vt’s plan won’t offer!
Years ago, the communists from Ct, Ma, NY, NJ, etc. moved North to escape their local Gulags .... but somehow, wherever they went ... they brought themselves along.
According to Vermont's health insurance exchange, Bronze plans for a couple are $672 a month, and for a parent and child, $648 per month. A single person's premium is $336 per month.
So a typical household of two people will pay around $8000 per year for health insurance, most of which ends up paying for medical care somewhere. But the proposed 13% payroll tax only ends up generating $7041 for the median household, leaving the state fund short by $1000 per household for households at the median, and the deficit grows for households below the median income.
The scheme simply isn't viable, since the benefits delivered are the same regardless of how much a household earns. Employers may benefit, since they get to limit their costs of offering health insurance to their workers to 11% of the worker's salary, but it is unlikely that the overall approach will work.
The result provides an average spending per person, which related to what insurance costs typically are since insurance companies have to set premiums based on expected costs.
At the low end, the state expects an average spending per person of $2555, at the high end $3194 per person. But the lowest level of insurance coverage offered now in Vermont costs $336 per month, or $4032 per year. Again, the proposed budgets seem insufficient to deliver medical care of the sort people are used to.
Remember the free state movement?
Looks like it didn’t work out so well.
Absolutely insane. Vt taxes are already the highest per capita in the country.
The people that think a sudden 13% payroll tax will have no negative impact on the economy are the very same people that think plant food increasing 0.01% of the atmosphere over 100 years will cause the sky to fall.
The U-Haul companies will be very busy helping people flee Vermont.
tax every single person in Vermont....tax every single one....why leave the rich elderly out of it and why grant free benefits to those who don't do a damn thing......
Employees would pay the full 13%.
They just won't realize it because of dishonest politicians.
bookmarking...