A new study projects that the new Vermont health care system, modeled on single payor, could significantly health care costs for the state. The savings amount depends on how soon the state can get a federal waiver under the Affordable Care Act and the state legislature and relevant agencies adopt recommended cost-saving mechanisms.
|By: Jon Walker Wednesday November 2, 2011 2:15 pm|
|By: Jon Walker Wednesday January 19, 2011 6:00 pm|
Today, Dr. William Hsiao presented to the Vermont legislature a draft proposal for three different health care systems for the state. They include:
Option 1 – government-run single payer
Option 2 – public option
Option 3 – public/private single-payer
(You can find the full report, presentations, and the statement from Hsiao here at the Vermont Legislative Joint Fiscal Office.)
The purpose of all three designs is to expand coverage to all the residents of the state while controlling health care costs. All three options are designed to save more money and cover more uninsured than would happen under just the new federal health care law alone.