Becker's Healthcare May 13, 2022
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...