Not much to add. More food for thought.
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Report says ColoradoCare would have higher revenues than McDonald’s
By Alan Gathright on Wednesday, May 4th, 2016
An independent analysis says Colorado's proposed universal health care system would have $38 billion in projected revenues …
The report, by the Colorado Health Institute, is a primer on the potential benefits and drawbacks of ColoradoCare, a proposed state health care cooperative that would resemble single-payer health care systems like those in Canada and Europe. …
"Supporters estimate ColoradoCare would have $38 billion in annual revenues," the report states.
We examined the statement that ColoradoCare’s projected revenues would be $38 billion and overshadow huge corporates. We found that the number is right in theory, but it depends on the federal government signing off on a first-of-its-kind health system for Colorado. …
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An economic analysis by supporters says ColoradoCare would produce a net savings of $4.5 billion for residents and businesses by eliminating private insurance profits, streamlining paperwork and more efficiently delivering services. …
About $25 billion would come from state taxes. Employers would pay 6.67 percent in payroll taxes and employees would contribute 3.33 percent, for a total of 10 percent of the payroll. Self-employed people would pay 10 percent of their net income. {and not having to pay exorbitant health insurance premiums!}
The projected $25 billion in tax revenues have been independently confirmed by an economist at the Colorado Legislative Council, which provided a revenue impact report to the state board that reviews the language and legality of an initiative's ballot title and summary. …
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