Insure Oklahoma too costly?
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The Journal Record published an article about Insure Oklahoma as an approach to reform. While the model could be a feasible approach, the cost is not. The program, funded by tobacco taxes, insures only 15,000 people. To be able to grow, more funding is critical and there are few sources. Finding additional revenue sources is like finding a needle in a haystack.
The state has a shortfall of more than $900 million, with more deficits predicted for the next year. Calculated simply at the price tag of $33 million for insuring 15,000 people, it would cost more than $1.3 billion annually and 20 percent of the state’s budget to cover 600,000 uninsured Oklahoman. Kim Holland is tireless, but Insure Oklahoma seems too costly to be feasible. A federal plan may be the only option.
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