If you’re budgeting for the entire family, sum up every monthly phone bill you pay using your household budget and allocate that much money for your phone bill expenses. ![]() Then, use the most expensive bill as a budget reference for each utility to ensure you budget enough to cover the highest possible cost. So, check your utility bills for the last three months. Your electricity, gas and water bills may vary slightly. Rent or housing usually takes up the biggest portion of many Canadians’ budgets. This expense includes rent, mortgage payments, and home or apartment maintenance. Use the personal and household expenses lists below as starting points to help you decide what to include in your monthly budget. However, some expenses that shouldn’t be left out for many Canadians are rent, utility bills, insurance, debt repayments, transportation, emergency funds and food. But the practical and political challenges highlighted by this California news are something that proponents will need to grapple with if they want it to become reality.The expenses you should include in your monthly budget will depend on your specific life situation, including your age, number of dependents, priorities, debts, and financial goals. Single-payer health care is increasingly popular in theory among Americans, as Republicans in Washington seek to roll back Obamacare. The state had begun developing its own proposal, to be pursued under an Obamacare waiver, but ultimately scuttled the plan in 2014 after seeing the concept’s cost estimates and the necessary tax increases. Vermont is the most recent state to try (and fail) to create a single-payer health care system, as Vox’s Sarah Kliff documented. That’s nearly twice the percentage of people who flipped to say they would support such a plan because it would reduce insurance premiums and out-of-pocket health care costs. ![]() But 20 percent flipped and said they would oppose the idea if it meant many Americans would have to pay higher taxes. Half of Americans said, in the abstract, that they would support single-payer. Polling on single-payer plans is notoriously fickle, but this February 2016 survey from the Kaiser Family Foundation demonstrates the dilemma California officials will now face: Residents would also no longer have to pay most of their health care bills. Such a significant tax increase could prove politically troublesome, even if employers and employees would see reduced costs through the elimination of insurance premiums, which the Times reported range from $100 to $150 billion per year. Lawmakers have not settled on a plan for paying for the new system, though the analysis released Monday noted a 15 percent payroll tax on employers would cover the increased costs. *The additional $200 billion would need to be raised from new taxes. *Of that, $200 billion of existing federal, state and local funds could be repurposed to go toward the single-payer system. *A total cost of $400 billion per year to cover all healthcare and administrative costs. The analysis found that the proposal would require: Here is the bottom line, from the Los Angeles Times: Lawmakers have been waiting for an estimate of the costs, which they received on Monday. Jerry Brown is proposing for the next fiscal year. The plan, according to the estimate by the state Senate’s Appropriations Committee, would cost twice as much as the entire state budget that Gov. California now knows the math it’s contending with. The major test for any effort to create a single-payer health care system is how to pay for it. The state would pay for almost all of its residents’ medical expenses - inpatient, outpatient, emergency services, dental, vision, mental health, and nursing home care - under the plan, and Californians would not have any premiums, copays, or deductibles. ![]() It’s a very generous proposal, as currently conceived. The state legislature has been debating a plan this year to implement a government insurance program to cover all Californians, including those without legal status. California is undertaking an ambitious bid to establish a single-payer health care system, and now its plan has a price tag: $400 billion a year.
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