Story Created:
Jun 19, 2008
Story Updated:
Jun 19, 2008
New study from Wisconsin Policy Research Institute says that Dem's plans to take over health care will cost a lot more more than they say. Surprised?
With Wisconsin Democrats explicitly making Healthy Wisconsin a key campaign issue in their attempt to gain full control of the Wisconsin Legislature, new data cast doubt on the program’s ability to keep costs in line with revenues. A new report, Will Healthy Wisconsin Bust the State Budget? released today by the Wisconsin Policy Research Institute, details how this plan would turn every aspect of Wisconsin’s health care system over to state government. Authors George Lightbourn and Christian Schneider present facts to demonstrate how it is inevitable that the Legislature would, soon after passage of Healthy Wisconsin, be faced with an increase in the payroll tax that supports the initiative. It turns out that Healthy Wisconsin is founded on a fragile set of actuarial assumptions that suggest that the growth in health care costs can be brought closer to the rate of growth in wages. If that cannot be accomplished, given the assumptions put forth by the plan’s supporters themselves, the program will face a shortfall of between $4.79 billion and $10 billion by 2017. The tax rate on businesses will have to increase to 13.51% and on employees to 4.62% in order to keep the program solvent in just nine years.
Friday, Jun 20 at 10:29 PM Tom/Kenosha wrote ...
Though I'll always be a Badger, if this keeps up, my wife, children and I will pick and leave Wisconsin. And we'll take our four college educations with us to benefit someplace else. Got that Governor Duh-oyle!
Friday, Jun 20 at 6:29 AM Kurt/Elkhorn wrote ...
I certainly hope the Dems in Washington DC pay close attention to this one. Sounds a lot like Hillary-Care to me. Just multiply the cost by the population differential US vs Wisconsin & it's a scary thought. Talk about a deficit-Iraq & Afghanastan are nothing in comparison.
Thursday, Jun 19 at 10:10 PM Whitefish Bay Mike wrote ...
All "free" medical care is subsidized through taxes stolen from other people.
Thursday, Jun 19 at 9:05 PM lib wrote ...
I'm worried because I like it here. I have a hard enough time paying for my family... and I WORK. Seems I'll be moving back to the only place where you can afford a house... inner city. Oh Well. At least the dumocrats meant well. See you in the welfare line. -lib: penthouse to the poorhouse.
Thursday, Jun 19 at 6:19 PM Maddie - Saukville wrote ...
Just let's see how healthy this state is when the Dems pick up three assembly seats and I and the other two dozen taxpayers in this state finally wake up and move out of it! Scott Walker: Got that 2010 Campaign underway yet?
Thursday, Jun 19 at 9:48 AM Mary wrote ...
No kidding. Does the study take into account the magnet Wisconsin will be for very sick people who can't get insurance anywhere else? They will come to Wisconsin and get minimal jobs so they can 'buy' into the system.
Thursday, Jun 19 at 9:41 AM J. Gravelle wrote ...
The heck you say. So, if I understand this correctly, it's cheaper for me to buy health-care for myself than to pay a politician to pay an appointee to pay an underwriter to pay an accountant to pay for the health-care FOR me? Hmph. Go figure... -jjg DailyScoff.com
Thursday, Jun 19 at 9:27 AM Amy P. wrote ...
Surprise, surprise. Look - if Doyle and the Democrats want the state all to themselves, why don't they just say so? Give those of us who are sick of taxes some money, we'll move, and you can have the Dells to yourselves.
Thursday, Jun 19 at 8:16 AM jenni wrote ...
Well, duh!
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