Author Interviews, Cost of Health Care / 02.08.2018
Single-Payer Option Feasible For New York – With $139 Billion in New Taxes
MedicalResearch.com Interview with:
Jodi L. Liu, PhD
Associate policy researcher
RAND Corporation
MedicalResearch.com: What is the background for this study? What are the main findings?
Response: The New York Health Act (NYHA) would create a state-based single-payer plan called New York Health.
The NYHA has been proposed in the New York State Assembly for many years. New York Health would provide all residents with comprehensive health benefits with no cost sharing and create new taxes to help fund the program.
In this study, we used microsimulation modeling to analyze the impact of the NYHA on outcomes such as health care utilization and costs. We estimate that total health care spending could be similar or slightly lower if administrative costs and provider payment rates are reduced. The program would require substantial new taxes and would shift the types of payments people make for health care.
After the presumed redirection of federal and state health care outlays to New York Health, we estimate that the new taxes revenue needed to finance the program in 2022 would be $139 billion.
(more…)