As reported by National Review Online:
On Thursday, the California state Senate passed Senate Bill 562, which seeks to establish a statewide single-payer healthcare system.
Democratic senator Ricardo Lara, the chairman of the Senate Appropriations Committee, co-authored the bill and advocated its passage, but failed to explain how the proposal’s $400-billion price tag will be financed.
The bill represents a key progressive goal, and yet, it will almost certainly never be signed into law — even though Californians have elected Democratic majorities to both legislative chambers and a Democratic governor. Why not? Because it’s absurdly expensive. This year’s entire state budget is $180 billion. The single-payer system called for in 562 costs more than double that. …
