Children’s Hospital Bond Act
Authorizes $980,000,000 in general obligation bonds for construction, expansion, remodeling, renovation, furnishing and equipping of eligible children’s hospitals. Fiscal Impact: State cost of about $2 billion over 30 years to pay off both the principal ($980 million) and interest ($933 million) costs of the bonds. Payments of about $64 million per year.
There doesn’t appear to be any organization formed in order campaign against this act. The only counter arguments presented in the Voter Information Guide involve general opposition to taxes and spending and the vague assertion that hospitals are “special interests.”
This seems pretty cut-and-dry. Who would vote against children’s hospitals?
However, after some googling, I turned up a compelling argument written by Pete Stahl. The claim is that the hospitals receiving funding from these bonds are private institutions. As such, the tax payers see no return on investment, since the money is not directed toward public works.
I am swayed by the argument, but not quite enough. I think, at a fundamental level, the health care system in this country has major flaws. Many corporations position themselves as middlemen and extract huge sums of undeserved money. I’m sure this involvement extends to children’s hospitals as well, willingly or otherwise.
However, children’s hospitals also serve families who could otherwise not afford treatment. This is, at least in a small way, a return on the public’s money. I can’t, in good conscience, vote against this.
I’m voting Yes on Prop 3.
Additional information is available at Ballotpedia.