Search
 

Vermont governor wants more time on health plan

After two years of pressure to say how it was going to pay for its single-payer health care plan, Gov. Peter Shumlins administration on Thursday released a new accounting of what Vermont's universal health care system might cost, but left for later how it would be paid for.

By Dave Gram | Updated on January 25, 2013

MONTPELIER, Vt. (AP) — After two years of pressure to say how it was going to pay for its single-payer health care plan, Gov. Peter Shumlin’s administration on Thursday released a new accounting of what Vermont’s universal health care system might cost, but left for later how it would be paid for.

Reports released by the governor’s office say Vermonters would have to pay $1.6 billion in new taxes to pay for their share of a single-payer system that can’t be implemented until 2017. But that would be more than offset by the fact that most individual and employers would no longer be buying private health insurance, a savings of $1.9 billion, the report said.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

NOT FOR REPRINT

© 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.

Recommended Stories

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2024 ALM Global, LLC. All Rights Reserved.