Posted by Jack
The single-payer system is the holy grail of the left-wings most ideal healthcare system. It was going to be oh so much better and less expensive than the hybrid-socialist-ObamaCare and it was to cover everybody for everything and do it for almost nothing! This is where Obamacare really wanted to go when it grows up, but he knew we would have to be phased into it. Then Vermont came along, tried it and spoiled the dream! Single-payer was a flop. It proved to be horrendously expensive, so much so, that it was about to bankrupt the State and the democrat gov. had to swallow his pride an call and end to the dream. He said it was the toughest decision he ever had to make… poor guy.
Here’s the story from Forbes: ”
Last week, Vermont Governor Peter Shumlin (D.) announced that he was pulling the plug on his four-year quest to impose single-payer, government-run health care on the residents of his state. “In my judgment,” said Shumlin at a press conference, “the potential economic disruption and risks would be too great to small businesses, working families, and the state’s economy.” The key reasons for Shumlin’s reversal are important to understand. They explain why the dream of single-payer health care in the U.S. is dead for the foreseeable future—but also why Obamacare will be difficult to repeal.
Leading left-wing economists worked on Vermont plan
Shumlin’s predecessor in Montpelier was a Republican, Jim Douglas. In 2009, Douglas announced that he would not be seeking a fifth two-year term; five Democrats joined the contest to replace him. Progressive activists demanded that each candidate promise to enact single-payer health care if nominated; all five complied. Shumlin got the nod, and assumed office in January 2011.
Shumlin got right to work. In Feburary 2011, a trio of health economists, including Harvard’s William Hsiao and MIT’s Jonathan Gruber, sent Vermont a 203-page report describing the feasibility, and the alleged virtues, of single-payer in the state. Gruber signed a $400,000 contract to work with Vermont on the project.
For more on this story, click here.