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Report: Vt. public health care cost could top $9B

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.

By DAVE GRAM, Associated Press | Updated on November 01, 2011

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.

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