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I'm guessing the economy of scale for such a buy in isn't enough, and that states would have to take out as much debt as their yearly budgets or even more. Even

I'm guessing the economy of scale for such a buy in isn't enough, and that states would have to take out as much debt as their yearly budgets or even more. Even a Elizabeth Warren's proposed solution was something like 17x the federal budget.

nradov 4y ago
States wouldn't be able to borrow on anything like that scale to fund a healthcare program. Any major increases in healthcare spending would have to be funded by huge tax increases.
- unclenoriega 4y ago
  > increases in healthcare spending FWIW, New York's current Medicaid budget alone puts it between San Marino and Israel for per capita healthcare spending. Widening the net a bit, that's between Italy and the UK.
refurb 4y ago
NYS has a bigger population than all of Canada which seems to do make universal healthcare work.
- tekknik 4y ago
  There’s comments above that explains it “working”. Here’s a site that explains it better. TLDR, taxes go up a lot, private spending for medical procedures slightly falls. Quality of care drops. Pretty well a losing proposition all the way around. https://www.heritage.org/health-care-reform/report/how-socialized-medicine-hurts-canadians-and-leaves-them-worse-financially https://www.heritage.org/health-care-reform/report/how-socia...