Modern Healthcare May 1, 2019
The Congressional Budget Office’s highly anticipated report released Wednesday largely put a damper on the idea of a U.S. single payer healthcare system.
While the office didn’t present a formal cost estimate, the analysis laid out ideas policymakers should consider as they design a potential single payer universe.
Specifically, the CBO issued familiar warnings that a single payer system could increase demand and overtax hospitals and clinicians while imposing hefty new costs. The report also echoed hospital arguments that adoption of universal Medicare fee for service rates for hospitals would “probably reduce the amount of care supplied and could also reduce the quality of care.”
Independent analyses have put the price tag of single payer at roughly $32 trillion...
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