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'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down

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Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for

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The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'

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'The demographic dividend of the last 40 years is ending': J.P. Morgan says the world is running out of the two things that kept interest rates down

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Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for

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The millennial generation is split in 2: an older crowd with boomer-style comfort, a younger set going 'back to the early 1900s'
HealthInsurance

Colorado May Replace Obamacare with Single Payer

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Chris Matthews
Chris Matthews
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By
Chris Matthews
Chris Matthews
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April 29, 2016, 2:24 PM ET
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Bernie Sanders may not win the Democratic nomination for president, but his political revolution could succeed after all.

The first salvo in this this war may very well be launched by the state of Colorado, where voters will soon decide by referendum whether or not to replace Obamacare in their state with a statewide single-payer plan that would offer comprehensive health coverage, from preventative check ups to end-of-life care, according to ColoradoCare, the organization responsible for getting the referendum on the ballot.

The single-payer plan would be funded by a payroll tax of 10%, of which employers would pay 6.7% and workers 3.3%. An additional 10% tax on investment income, income from the self-employed, and some small business income would be pay for the program as well.

According to a recent New York Times article, the insurance industry and conservative groups are already lining up to oppose the plan. Even some Democratic officials, like Colorado Governor John Hickenlooper are against it. But supporters have reason for optimism as well. Democratic voters in Colorado supported Bernie Sanders—who is purposing a similar Medicare for All plan on the national level—by nearly 20% over Hillary Clinton. For fans of single payer health care, the result is proof that there is enough progressive energy in the state to get such a radical reform passed.

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