In the heat of close-fought elections that could give them a state Senate majority for the first time in 10 years, Democrats have been sending mixed signals on single-payer health care.
The Empire Center’s Ken Girardin notes that this borrowing forces “future taxpayers to pick up the tab for politicians to win political points today.”
The state Senate’s ruling majority coalition hopes state budget talks will include a “discussion about whether the definition of public work should be updated”—shorthand for whether costly union compensation packages should be imposed on a much larger number of projects subsidized directly or indirectly by taxpayers.
Existing state regulations, along with competitive pressures, assure that health insurers will share much if not all of the benefit of federal tax cuts with their policyholders. Rather than trying to grab the money or dictate how it's spent, lawmakers should let market forces do their work.