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]
"Obama has emerged," says New York Times columnist Paul Krugman, "as one of the most consequential and, yes, successful presidents in American history."
At this point, the most salient question regarding Krugman shouldn't be what he thinks about any particular issue, but why anyone continues to pay him attention. Sure, the man possesses a Nobel prize, but so do such moral and intellectual titans as Yasser Arafat, Al Gore, Barack Obama and Jimmy Carter.
Just one week ago, Bret Stephens of The Wall Street Journal helpfully highlighted some of Krugman's more…
"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]