Won’t this be a huge new tax increase?

Answer

No. We’ll save $45 billion, because we won’t be paying for insurance company administration or health care provider costs for dealing with them, and save through State bargaining for reduced pharmaceutical and equipment prices. We won’t be paying regressive premiums, or any deductibles, co-pays, or out-of-network charges. Property taxes will go down because local governments won’t pay for Medicaid, and health care for their employees will be cheaper. New Yorkers will have more money in our pockets and better health care for our families, and the tax that pays for the plan will be based on ability to pay.