Some California legislators are hoping to push through a single-payer healthcare bill that would cost the state an estimated $400 billion—more than the entire national budget of Honduras (and 116 more countries across the globe). If passed, the bill would in effect eliminate health insurance companies there and provide government-funded health coverage for all residents. If it needs to be said, funding the plan would require “significant tax increases,” according to legislative analysts. On the …
Read MoreIs a Single-Payer System Next for California?
While previous attempts have crashed and burned, proposed new legislation could move California one step closer to a single-payer healthcare system. Proponents in the state senate say it is the “intent of the Legislature” to enact such a law “for the benefit of everyone in the state.” However, specific details and a prospective timetable have not been revealed. If it does pass and ultimately get signed into law, the measure would replace private insurance in …
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