Becker's Healthcare May 13, 2022
Jakob Emerson

Congressional Budget Office Director Phillip Swagel testified before the Senate Budget Committee May 12 to discuss how implementing a single-payer healthcare system based on the Medicare fee-for-service program would affect the nation’s healthcare, budget and economy.

The CBO analyzed five potential options where the single-payer system would replace private health insurance plans and Medicare. It would also replace all of the coverage provided by Medicaid — except that under most of the options, Medicaid would continue to provide long-term services and support.

Option 1: Higher payment rates, higher cost sharing, no long-term services and support.

Option 2: Lower payment rates, higher cost sharing, no long-term services and support.

Option 3: Lower payment rates, lower cost sharing, no long-term services and support.

Option 4: Higher payment rates, lower cost...

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Topics: Congress / White House, Govt Agencies, Insurance, Patient / Consumer, Payer, Provider, Survey / Study, Trends
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