Gov. Peter Shumlin of Vermont announced on Wednesday that his state would not pursue single payer health care in this coming legislative session.
Shumlin blamed a sluggish economy for his decision. The taxes required for single payer would prove too burdensome for Vermont, a state that has downgraded its revenues twice this year.
The taxes required to implement single payer would include an 11.5 percent increase in payroll taxes and up to a 9.5 percent increase in income taxes for every Vermonter.
Shumlin added: "Making fundamental changes in our health care system — nearly 20 percent of our economy — is a huge undertaking, and one that must be done with care."
You can read Shumlin's prepared remarks here.