State-sponsored health insurance for all Marylanders such as the single-payer plan proposed by Democratic gubernatorial nominee Ben Jealous could cost $24 billion a year, forcing lawmakers to significantly raise taxes, according to a nonpartisan analysis.
Such a cost would increase the state’s $44 billion operating budget by more than half.
The analysis, drafted by the state’s Department of Legislative Services and released to The Baltimore Sun, said Maryland would have to levy a 10 percent payroll tax against every business and charge a $2,800 fee for every man, woman and child to pay for a new health care system in which doctors bill the state instead of private insurance companies.
10% of wages on top of $2800 for every man, woman, and child in the state sounds pretty expensive for “free healthcare”, but then I never understood Socialist math. If I was a bettin’ man, I’d bet heavily that the Maryland Department of Legislative Services is underestimating what the real cost will be, by a lot.