Vermont's granola grifters give up on Single Payer health insurance

Even in the most socialist state in the nation, socialism fails.

The problem, of course, is simple. There just isn't enough Other People's Money to pay for it.

Oops. You know a tax hike is too onerous if a Democrat comes out against it. And then his buddy Obama wouldn't cough up any cash either.

Shumlin's office released a slideshow with more details about financing for the plan which fell through. The state had been anticipating $267 million in federal funding to revamp its system, courtesy of a 2013 Obamacare waiver — but the current estimate has fallen to $106 million. Vermont also overestimated by $150 million in federal Medicaid funding.

The final nail in the coffin? Single Payer won't actually cost less than the current system.

But beyond federal funding, the report also admits that the single-payer system won't save money as Vermont officials had planned. While both previous reports on Green Mountain Care had assumed "hundreds of millions of dollars" in savings in the very first year of operation, Shumlin's office is now admitting that's "not practical to achieve."

There's never a magic unicorn around when you need one.

Let this be a lesson to all you Obamacare lovers. Government meddling in the free market is never a good thing. Your dreams of a universal Euroweenie-style Single Payer "upgrade" to Obamacare just met Reality. And, to almost no one's surprise, Reality won.

Posted at 11:16 by Chris Wysocki   [/obamacare]   Comments | Perm Link |
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