So far, Hsiao has set the stage for the need of health care, and is now talking through the three options he was tasked to develop under Act 128, which break down into:
1. Government-run Single Payer system with comprehensive benefits (one scenario) or Govt.-run Single Payer with 'essential' benefits package (second scenario
2. Public option - Government provides health insurance to all Vermonters
3. Public-Private Single Payer - includes essential benefit package, independent board and a third party to manage provider relations and claim adjudication and processing.
The third option is what he will be recommending - and emphasized that it's dependent on what the state can afford, how people will pay, and what kind of operation can we sustain?
He is also said 'single-payer is like beauty - it is in the eyes of the beholder', so he's offering a definition: "A system that offers coverage for every Vermont resident with a common benefit backage and channels all payments ro providers through a single pipe with uniform payment rates and common claim processes and adjudication procedures."
Makes sense to me. He also said it will save $500,000,000 and produce 5000 new jobs.
Posted by: David Schoales | January 20, 2011 at 07:19 PM