Defeat of Single Payer Healthcare- Biggest Lost Savings Money can Buy. UPDATED with Insurance Contributions to Correa et al.


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Logo Single Payer Universal Healthcare For All in California

Healthcare coverage for all Californians has been killed by the “NO Vote” of CA Senator Lou Correa.  Californians would have saved $100′s of Billions per year, while providing high quality accessible,  affordable and preventive healthcare for all Californians.

Senate Bill 810 would have:

Instead of paying premiums to private insurance companies, Californians would pay premiums into the trust fund that would guarantee coverage to all Californians.  Patients would freely choose their private doctors and hospitals that are entrusted with managing their patient’s health care instead of health insurance executives.

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Estimated Annual Lost Savings in $100′s of Billions by failure to pass SB 810:

Year In Billions
2009 $ 138
2010 $ 153
2011 $ 169
2012 $ 186
2013 $ 203
2014 $ 221
2015 $ 241
2016 $ 261
2017 $ 282
2018 

 

$ 330 

 

TOTAL $        2,183

 

CLICK HERE For Full Analysis, Calculation and References.

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ADDITIONAL LOST BENEFITS because SB-810 did not pass:

I provided  comparison of costs and expenditures to determine the lost savings from failure to pass “SB 810 – Single Payer Healthcare Coverage”.

I did not add additional Income Streams, that would have helped pay and reduce the initial investment for the Single Payer Healthcare Coverage program because of transfers into the program by covered people  such as:

1)  Individuals and families;

2)  Small, Medium, and Large sized employers.  (This would have been a boost to business investments into California because California would have had lower healthcare costs than other states have.)

3)  Ending the Workers Compensation program, because healthcare would now be provided under one comprehensive program.  This would again have been a positive boost to businesses and job creation.

4)  End of Medical Malpractice.  Medical needs would have been provided for, although recourse would still be available for other remedies.  Again a boost for businesses, doctors and actual medical care providers.  And doctors and nurses who were leaving the medical professions because of the fear of frivolous lawsuits, would now have returned to healing patients or providing preventive care.

5)  Price Volume discounts.  The full purchasing power of 37.7 million Californians would have been brought to bear in the purchase of pharmaceutical, and medical devices resulting in a more effective and economically efficient purchasing system.

The above clearly demonstrates the financial justification for enacting a single payer system.

The saved lives, the preventive medicine, the compassionate, effective, efficient, accessible quality care, are further reasons as to why passage of SB 810 made critical sense.

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Although, the medical insurance industry would have been severely reduced, the industry could have shifted into the other insurance, risk management areas i.e. Property, Business Liability, Fire, Hazard, Earthquake, etc insurance.  Or additionally, the insurance industry could have provided some of its “risk management” expertise within the Single Payer Healthcare system.

Ask yourself this, if we have millions of people without medical coverage would you rather have an industry that provides medical Insurance or an industry that provides the critical and necessary medical Care?

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Opposition & Campaign Contributions:

Senator Correa’s arguments against SB 810 were:

a)  That the cost was too high.

b)  That this was best fixed at the Federal level.

c)   This bill was not good enough.

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Responses to above:

a)  As you saw in the analysis above, the cost of failing to pass SB-810 is higher in the billions in addition to the high human costs.

b)  California has established a state exchange.

          "The federal government enacted the Patient Protection and
          Affordable Care Act (PPACA) which established an American
          Health Benefit Exchange (Exchange) that makes qualified
          health plans available to qualified individuals and
          qualified employers.  If a state does not establish an
          Exchange, the federal government administers the Exchange.
          California established a state exchange."

This would have resulted in better local control.

c)  Long serving Senators for years have had, and continue to have the opportunity to propose amendments to improve the bill, or the opportunity to author their own.

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Unfortunately, a couple of our elected CA senators appear to have been persuaded more by the $100′s of THOUSANDS in cash campaign contributions by very narrow insurance industry special interests and the health of their campaign coffers; rather than the health and well-being of millions of men, women and children who lack critical access to healthcare, and at the expense of our job creating businesses, and at the expense of $100′s of BILLIONS of lost savings.

CLICK HERE for Summary of List of Campaign Contributions From Insurance industry for Senators who Voted No – includes about $350,000 in contributions to Senator Correa (provided by Dr. Bill Honigman of Healthcareforall.org)

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Francisco “Paco” Barragan

For State Assembly 69th Assembly District

FranciscoForAssembly.com (website under construction)

(My opinions only and not those of any group)

In Billions
2009 $ 138
2010 $ 153
2011 $ 169
2012 $ 186
2013 $ 203
2014 $ 221
2015 $ 241
2016 $ 261
2017 $ 282
2018 $ 330
$ 2,183


About Francisco Barragan