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NY Senate Bill S5474 proposing a universal single payer health plan for NYers

nysenate.gov

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Re: NY Senate Bill S5474 proposing a universal single payer health plan for NYers

#241

Post by disillusioned »

dwallin wrote: post #206
Manuel_D wrote: post #157

Earlier quoted context omitted.

The point is, the apartment owner pays property tax and collect rent from tenants to pay for that. If property taxes go up, property owners raise rents to compensate. So the tenants are paying the property tax, albeit indirectly.

Landlords are also competing with each other and tenants have limits based on what they can actually afford to pay. At some point they can be forced to move out of the city to a lower cost of living location, dropping demand. In fact it's entirely possible for a significant increase in tax rates to make rental units a poor investment, causing housing prices to plummet and rents to drop. Your mistake is assuming that…

Step 1) Raise taxes on rental properties astronomically.

Step 2) Force out investor class and/or repossess properties out of tax adjudication.

Step 3) Public housing!

Re: NY Senate Bill S5474 proposing a universal single payer health plan for NYers

#242

Post by ABCLAW »

revnode wrote: post #184
dwallin wrote: post #180

Earlier quoted context omitted.

You can't just assume tax increases directly lead to increased 1:1 consumer prices, that's not how supply and demand works.

Where did I assume that?

>A substantial part of your rent is property taxes.

Here.

Without determining elasticity, it's impossible to determine how much of that cost is flowing through or how much goes to impact margin.

Re: NY Senate Bill S5474 proposing a universal single payer health plan for NYers

#243

Post by kmonsen »

oneoff786 wrote: post #226
aserdf wrote: post #30

it will be interesting to watch NY (and/or CA) put something like this in place and observe from afar. i strongly feel that states should be much more aggressive running policy experiments if their constituents desire them, and at the national level we all get some benefit of seeing how things turn out in real time. all that said, assuming there is some tangible tax increase, NYC high earners are going to be knocking…

Isn’t this sort of guaranteed to fail? High earners already have great insurance from employers. There’s not likely to be a mechanism to get those benefits back as dollars like you would expect in a national scale steady state system.

The VOX in the weeds healthcare people looked at it some time ago, and most healthcare economists thinks it is not possible for states to do something here.

Re: NY Senate Bill S5474 proposing a universal single payer health plan for NYers

#244

Post by arkades »

Any chance whatsoever they’re going to actually reimburse doctors for their massive school loans, while forcing them (“no network restrictions”) to work for this insurance plan? Especially if it’s anything like Medicaid, and reimburses physicians and hospitals -below cost-.

Re: NY Senate Bill S5474 proposing a universal single payer health plan for NYers

#245

Post by ceejayoz »

kevin_thibedeau wrote: post #188
chmod600 wrote: post #165

One thing I don't understand is how you can make healthcare "equal" in the sense that it will stand up to court challenges in the U.S. Free speech is a self-service right, so the government can just step out of the way and everything is fine. But healthcare requires the government to do a lot. Not doing something equally (like stepping out of the way of free speech) is easier than doing something (like healthcare) eq…

The SC is trying its best to devolve all powers to the states. They can't have it one way for a contentious issue and then be hypocrites for anything else.

Who’s gonna stop them?

Re: NY Senate Bill S5474 proposing a universal single payer health plan for NYers

#246

Post by tonfa »

systemvoltage wrote: post #151
goatcode wrote: post #46

Coming from a country that has this, there should be caution: it gets more affordable, but you get what you pay for. In my country of origin, you get a partially-paid-for ride to the emergency room, where you pay for things like casts, non-ward rooms, dental care out of pocket. There is no prescription coverage. There is no optometry coverage. I would wait significant chunks of a year for procedures and diagnostics.…

Switzerland has private insurance just like the US and people I know that live in Zurich love it.

It's not exactly like the US tho. Basic insurance is mandatory for every resident, insurers can't refuse covererage (no preexisting conditions) and pricing of insurance is transparent (I don't think they can differentiate beyond a few variables).

Afaik pricing of medical procedures is defined by government (probably with insurers and practitioners).

It's high quality but fairly expensive (relative to GDP or salary vs other European countries)

Re: NY Senate Bill S5474 proposing a universal single payer health plan for NYers

#248

Post by astura »

aserdf wrote: post #30

it will be interesting to watch NY (and/or CA) put something like this in place and observe from afar. i strongly feel that states should be much more aggressive running policy experiments if their constituents desire them, and at the national level we all get some benefit of seeing how things turn out in real time. all that said, assuming there is some tangible tax increase, NYC high earners are going to be knocking…

Where does 60% come from?

I used this calculator - https://smartasset.com/taxes/income-taxes

It said if I (married) made $675,745/year in Manhattan I'd pay 39.59% of my income in taxes.

Re: NY Senate Bill S5474 proposing a universal single payer health plan for NYers

#249

Post by lotsofpulp »

TMWNN wrote: post #172
ars wrote: post #28

Earlier quoted context omitted.

Massachusetts may try it as well: https://masscare.org/ It'll be a very interesting experiment, if it works, other states will copy it. If it fails wealthy people will leave those states for places with lower taxes, and poorer people will move in to gain free health care. There's a reason the most populous states (CA, NY, MA) are the ones trying it first, and it's not because it's cheaper.

>Massachusetts may try it as well: https://masscare.org/ Massachusetts has had 98% health care coverage for more than 15 years. (The only countries in the world with more than that are those, such as the UK, in which no membership card is needed for receiving care.)

Health care coverage with a deductible and copays is not at all similar to taxpayer funded healthcare such as that in the UK.

Re: NY Senate Bill S5474 proposing a universal single payer health plan for NYers

#250

Post by codefreeordie »

monocasa wrote: post #195
codefreeordie wrote: post #135

Earlier quoted context omitted.

that will mean, though, that it will be impossible to get insurance to actually cover the things that the public system "covers" if you wait 35,600 years for your turn

Why? Wouldn't a line skip be by definition something that the public system isn't offering?

I haven't read the full text of the bill, but presumably not. The intent will be to disallow private coverage for any service that the government would provide, specifically because they would want to make sure that people with money couldn't avoid the public system.

That's how it ends up working in many places with government care

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