Will universal healthcare kill California's economy?

Answer 1

the health care industry will be bigger.and make more money and people will be healthier therefore able to work and companies that employ people will no longer be burdened by health care costs so the economy will most likely improve.

Answer 2

It a completely socialist type Robin Hood program. It seeks much of it's funding by punishing employers, hospitals and Doctors with backdoor taxes. Arnold claims it will be a single payer system when low income people will have to pay reduced rates, but he does not explain what will happen if they do not pay. Is Arnold really prepared to re-institute the policy of debtors prisoners and actually jail people? I seriously doubt it. So the state will be footing the bill for all who do not pay and I have a feeling that list will be considerable. Plus who is going to fund the children of illegal aliens since he is also planning to cover them? Lastly, what is going to happen to California when new hospitals chains do not want to build there and Doctors do not want to practice in the state because of the 4 and 2% taxes he is planning to levy on them? Small business over 10 employees will not be a practical option anymore because of having to cover health care for employees or be subject to 4% payroll tax. These businesses operate on limited profits much of which are used to grow the business. How many new start ups will happen? This is a bad idea and I think it will bankrupt California if it passes, but maybe that will be good. It will show the rest of the nation the problems with these system which too many are willing to deny in their desire to have someone else foot the bills for their health care.

Answer 3

Depends on how they implement it. If [as it appears] the fund health care for the 4 million, or so, illegal immigrants it will probably break the bank. If not it may be feasible. Regardless it is going to be expensive, costing every year between 10-12 Billion dollars.

Edited because some people won't pop a link and read it:

Highlights of insurance plan
Effect on employers

-- Employers who have 10 or more workers and don't provide medical insurance would be required to pay a 4 percent payroll tax to support a state purchasing pool that would help employees get coverage.

Effect on individuals

-- Everyone would have to obtain insurance through an employer or buy it individually. The minimum benefit would be a $5,000-deductible plan with maximum out-of-pocket expenses of $10,000 per family.

-- Payment assistance for individual insurance would be available to about 1.2 million low-income Californians.

-- The state would provide health insurance to all children, including illegal immigrants, living below 300 percent of the federal poverty level, or about $60,000 a year for a family of four.

-- The state would expand Medi-Cal to cover about 630,000 indigent adults not currently eligible for benefits.

Effect on doctors and hospitals

-- Medi-Cal reimbursement rates would be increased, but doctors would be required to pay a 2 percent provider tax and hospitals a 4 percent tax.

Effect on insurers

-- Insurance companies no longer would be allowed to deny coverage to individuals based on medical history, and they would have to spend 85 percent of their revenue on services.

Source: Governor's office

Answer 4

Any organization that keeps paying out with little or nothing coming in can't last.