New York Health Act: High Taxes, Long Waits?
New York City News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
New Yorks Single-Payer Health Act faces scrutiny as state senators push for its passage, despite concerns over skyrocketing taxes and potential exodus of high earners. The proposed plan, which would replace private insurance with a government-run system, could require over $210 billion in new taxes by 2031, with low earners facing a new payroll tax and high earners potentially seeing their taxes rise to over 88%. Meanwhile, single-payer systems in other countries grapple with long wait times for specialist care and medical procedures. As the debate intensifies in Albany, the challenge lies in balancing costs against access to healthcare.
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