By Dan Goldberg, Nick Niedzwiadek and Amanda Eisenberg
ALBANY — A bill that would establish a single-payer health system in
New York is financially feasible and could curtail spending in future
years, if assumptions that range from the questionable to the improbable
take place, according to a long-awaited study unveiled Wednesday.
The New York Health Act would provide universal insurance coverage
with no copays, deductibles or premiums for all New Yorkers, regardless
of immigration status, and would lead to higher utilization while
lowering health plan and provider administrative costs — saving the
system $15 billion, or about 3.1 percent, by 2031, compared to current
policies, according to the report.
The paper, which the RAND Corp. compiled upon a commission from the
New York State Health Foundation, is a boon for single-payer advocates
because it shows most individuals and employers would save money over
the long term. But the findings come with several caveats that could bog
down any effort to pass and implement single-payer in New York,
particularly if Republicans continue to wield power in Albany and
Washington.
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Source: Politico (via Empire Report New York)
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