Connecticut Democrats Propose Universal Health Care Trust Fund
- Saturday, January 27, 2007, 16:01
- Health Insurance, Public Health
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Connecticut Democrats on Monday introduced legislation to create a trust fund that would help pay for future universal health care in the state, the Hartford Courant reports. Under the bill, a trust fund would be established using $125 million from an anticipated state budget surplus of $700 million to $800 million; $125 million from the fiscal year 2007-2008 operating budget; and another $125 million from the FY 2008-2009 operating budget. According to the proposal, if the state treasurer were to invest $250 million over the next two years at existing rates of return, the state would realize a gain of $51.95 million. If the Legislature were to invest the full $375 million, the state would realize a gain of $78 million, the lawmakers said. House Speaker James Amann (D) on Monday said that providing universal health care could cost the state between $50 million and $400 million annually, depending on program specifics. In addition, House Democrats said that once universal health care is adopted in Connecticut, it could take one to two years before a program is funded and in place. State Rep. Jason Bartlett (D), who introduced the bill with the support of 17 other state lawmakers, said, “Beginning to invest money into a fund so that we can one day establish a universal health care system in our state makes fiscal sense. When you have a child, you do not wait until they enter college to begin saving for their higher education.” Amann said, “The Massachusetts plan, the Maine plan and the California plan … the ideas that are coming out are very encouraging. But the biggest problem is how do we afford it? And more important than affordability is sustainability” (Poitras, Hartford Courant, 1/23).
“Reprinted with permission from http://www.kaisernetwork.org. You can view the entire Kaiser Daily Health Policy Report, search the archives, or sign up for email delivery at http://www.kaisernetwork.org/dailyreports/healthpolicy. The Kaiser Daily Health Policy Report is published for kaisernetwork.org, a free service of The Henry J. Kaiser Family Foundation . © 2005 Advisory Board Company and Kaiser Family Foundation. All rights reserved. ![]()
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