Wednesday, December 17, 2014

Running out of other people's money

Politico: "Vermont bails on single-payer health care."
Vermont Gov. Peter Shumlin on Wednesday dropped his plan to enact a single-payer health care system in his state — a plan that had won praise from liberals but never really got much past the framework stage.
“This is not the right time” for enacting single payer, Shumlin said in a statement, citing the big tax increases that would be required to pay for it.
Imagine that.  If there was one incubator where single-payer might have worked it is in the politically and demographically homogeneous state of Vermont.  But the governor decided the "economic disruption" of large tax hikes would hurt everybody.

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