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19
Vaunted ‘fifth proposal’ would cost $1.4B or more
October 19, 2007
The so-called “fifth proposal,” a compromise plan from the Blue Ribbon health care commission to provide universal health care without going to a single-payer plan, will cost at least $1.4 billion a year, the Rocky Mountain News reports. That’s the cost of covering 685,000 of Colorado’s currently uninsured, leaving some 107,000 uninsured.
How much is that in the context of the state budget? Income taxes currently produce $5.4 billion a year, and sales taxes generate $2.1 billion, so the price tag would result in a 67% increase in sales tax, a 26% increase in income taxes or a 19% increase in both. Good luck getting that one past voters, who recently told pollster Floyd Ciruli they wouldn’t support an extension of Ref C.
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