Vermont’s Democratic Governor Peter Shumlin announced yesterday that he is jettisoning plans to implement a single payer health care system in the Green Mountain state.
There were several factors that went into this decision. It would have required Vermont to substantially hike both income and payroll taxes. Moreover, there was a $150 million shortfall in federal funding from Medicaid as well as $152 million shortfall in federal funding that was to be received via an Obamacare waiver.
The bottom line is that the money just wasn’t there and raising income and payroll taxes would do the state more harm than good.
If only President Obama had reached a similar conclusion on Obamacare.
Then again now Shumlin, like every other Governor in America, is stuck with Obamacare.