Socialist Just Got A Dose Of Reality!

[smitty]

Hey, obama, you listening?

 

http://dailycaller.com/2014/12/17/vermonts-giving-up-on-single-payer-health-care-over-ballooning-costs/

[LumRaiderFan]

From the article:

 

Shumlin’s office released a slideshow with more details about financing for the plan which fell through. The state had been anticipating $267 million in federal funding to revamp its system, courtesy of a 2013 Obamacare waiver — but the current estimate has fallen to $106 million. Vermont also overestimated by $150 million in federal Medicaid funding.

 

But beyond federal funding, the report also admits that the single-payer system won’t save money as Vermont officials had planned. While both previous reports on Green Mountain Care had assumed “hundreds of millions of dollars” in savings in the very first year of operation, Shumlin’s office is now admitting that’s “not practical to achieve.”