Citing Costs, Vermont Shelves Single Payer Health System
Vermont will not push forward with its plan to launch a state-based single payer health care system in 2017, reports the Daily Caller.
Democratic Governor Peter Shumlin made the announcement on Wednesday, citing several factors.
Among the most important were changes in financing assumptions. Vermont had been counting on infusions of federal funding to buoy the program, but confirmed that it overshot its estimates by a whopping $311 million. Without the expected seed money of federal tax dollars there’s not enough start-up capital needed to get the project going.
The other blow to Vermont’s single payer scheme – to be called Green Mountain Care – is its lack of financial sustainability. In order to make the enterprise successful, Vermont would need to levy tax hikes like an…[more]
What a difference a decade makes.
Imagine if, in 2004 — with George W. Bush in the heat of a reelection campaign conducted against the backdrop of the Iraq war— some prescient observer of American politics had told you that a decade hence the Republican Party would be more unified in its position on health care than on foreign policy. That such an observation (A) would have sounded crazy and (B) would have also been true is an object lesson in how little faith we should have in pundits confidently predicting the political future.
The GOP’s new-found foreign policy tension flared…
"In recent months, the outlook for the Castro regime in Cuba was growing steadily darker. The modest reforms it adopted in recent years to improve abysmal economic conditions had stalled, due to the regime's refusal to allow Cubans greater freedoms. Worse, the accelerating economic collapse of Venezuela meant that the huge subsidies that have kept the Castros afloat for the past decade were in…[more]