"Over the past two weeks it has become clear to me that the risks and economic shocks of moving forward at this time are too great,” Gov. Shumlin said.
Vermont Governor: We Can't Afford Universal Healthcare Right Now
Credit: TheClimateGroup
December 18, 2014

The thing is, with a Democratic Congress, it's possible Vermont would have received some kind of subsidy to make this happen. With Republicans at the wheel, there's no hope at all:

Vermont is abandoning efforts to move to a publicly financed health care system to ensure universal coverage, Gov. Peter Shumlin said Wednesday.

“I have advocated for such a system for much of my public life, but over the past two weeks it has become clear to me that the risks and economic shocks of moving forward at this time are too great,” Gov. Shumlin, a Democrat, said in a statement.

Vermont officials had been considering such an approach since 2011 when state lawmakers passed legislation calling for the Green Mountain State to move to a health care system that would “ensure universal access to and coverage for high-quality, medically necessary services for all Vermonters.”

[...] But it turned out that the cost of a publicly financed health care system was, as Gov. Shumlin put it, “enormous” and would require an “11.5% payroll tax on all Vermont businesses and a public premium assessment of up to 9.5% of individual Vermonters’ income. These are tax rates that I cannot responsibly support,” he said.

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