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

Re:NY Senate Bill S5474 proposing a universal single payer h... by exhilaration on Monday May 09, 2022 @05:32PM (#31320045)

Having a bunch of (medicare-covered) retirees (with no school-age kids) spending their (taxable) social security income in NY / CA sounds pretty great. Much better than losing them to Florida or Arizona. Bonus if the states get to tax their estates in the end.

[ Parent | on HN ]

Re:NY Senate Bill S5474 proposing a universal single payer h... by lotsofpulp on Monday May 09, 2022 @05:51PM (#31320263)

The fact that they are Medicare covered means the retirees will choose to retire in lower tax jurisdictions. They do not need state governments to provide healthcare.

[ Parent | on HN ]

Re:NY Senate Bill S5474 proposing a universal single payer h... by ceeplusplus on Monday May 09, 2022 @05:52PM (#31320284)

Half of California's tax revenue comes from the top 1% [1]. Medicare retirees are almost guaranteed to not be part of that 1%. You're talking huge tax revenue losses here if the 1% do decide to leave.

[1] https://lao.ca.gov/LAOEconTax/Article/Detail/7

[ Parent | on HN ]

Re:NY Senate Bill S5474 proposing a universal single payer h... by mynameishere on Monday May 09, 2022 @05:51PM (#31320264)

I think he means people who have enough money at, say, 40 years old, to pay for everything but health insurance. I can see the temptation myself, since insurance as you get into your 50s can be 2000/month or more. If NY State pays that while I wait for Medicare to kick in, hey, FIRE!

[ Parent | on HN ]