Your editorial displays a cynical view of New York’s rich. Citing the RAND Corp. report’s conclusions, the editorial says that if the New York Health Act becomes law, the wealthiest individuals and businesses would decamp the state. Really?
At a party a few months ago, one of Long Island’s uberwealthy asked me about the New York Health Act. I said its progressive taxes might cost considerably more than this person pays in premiums.
The person said, “I have the best health insurance money can buy.” But then this person explained that an insurer wrote at letter that this the person had reached a lifetime cap and would have to pay out of pocket for a life-sustaining medication. “I now have to pay $100,000 a year for it,” the person said, adding, “Only my wealth keeps me healthy. This is wrong.”
Like many of Long Island’s wealthiest, this person seeks to use wealth to make our world better — giving to schools, hospitals, the arts — and now advocating for NY Health. In a strong democracy, others’ lives matter.