MONTPELIER, Vt. (AP) — New projections by the state of Vermont say a public, universal health care system would cost between $8.2 billion and $9.5 billion a year — roughly $13,000 to $14,000 per resident — by 2020, but that sticking with the current system based on private insurers would cost even more.
Without a health care overhaul approved by lawmakers this year, including a new law that could move Vermont closer than any other state to a Canadian-style single-payer system, costs would surpass $10 billion by 2020, the report said.
Lawmakers asked for the cost estimates by Nov. 1, but they still must determine how to pay for the new system. Officials said residents will get a chance to offer ideas at a series of forums to be held in November and December.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
