04/04/2017

CA Bill Proposes Free Health Care For All, With No Way To Pay For It

Charlie Martin, PJ Media

Nearly every human culture has a folk tale -- or more than one -- about an unending source of wealth. Sometimes it's spinning straw into gold; sometimes it's a goose that lays golden eggs or that gives golden feathers; sometimes it's a magic hand-mill that will grind out your heart's desire; sometimes it's a magic purse that's always full no matter how much you spend.

I starting thinking about these stories the other day when I read about the single-payer plan being proposed by state Senators Ricardo Lara (D-Bell Gardens) and Toni Atkins (D-San Diego) for California. It sounds wonderful:

Under the proposal, which was announced in February, the state would cover all medical expenses for every resident regardless of their income or immigration status, including inpatient, outpatient, emergency services, dental, vision, mental health and nursing home care.

Insurers would be prohibited from offering benefits that cover the same services as the state.

The program would eliminate co-pays and deductibles, and patients would not need to get referrals to see eligible providers. The system would be administered by an unpaid nine-person board appointed by the governor and the Legislature.

Free stuff. All the free doctoring you can use, no co-pays, no deductibles, everyone covered with no competition from private insurance, run by an unpaid (!!) board of nine people who would take on administering this out of the goodness of their hearts.

There's only one little problem: where's the money to come from? According to the L.A. Times:

The authors say they intend to pay for the program through "broad-based revenue," but details of a funding proposal have not been hashed out.

I bet.

Read full article



You May Also Like:

For More go to the Home Page >>>

Search

Bookshelf

FreeMarket Central

Some titles recent, all recommended -

Special Video Feature

FreeMarket Central

Voices From The 2017 International Students For Liberty Conference

In Search Of History

When America Was Truly The Land Of Opportunity

For [early immigrants] America was truly the land of opportunity. For the first time in their lives, many were truly free to pursue their own objectives. That freedom released the human energies which created the United States. There were few government programs to turn to and nobody expected them. But also there were few rules and regulations. There were no licenses, no permits, no red tape to restrict them. They found, in fact, a free market, and most of them thrived on it. 

-- Milton Friedman,

Shadow Stats Snapshot


FreeMarket Central

ShadowStats alternate economic indicators are based on the methodology of noted economist John Williams, specialist in government economic reporting.

  • Unemployment:
    FreeMarket Central BLS: 4.1%
    FreeMarket Central Shadow Stats: 21.6%
  • Inflation:
    FreeMarket Central October Year-to-Year: 2.23% (CPI-U*)
    FreeMarket Central Shadow Stats: 10.0%

*[cpi-u is the Bureau of Labor Statistics inflation rate for all urban consumers]