New Report on National Health Reform -- How to Save $182B over 10 Years
A new report on reforming the nation's health care system projects savings as much as $182 billion annually within 10 years, according to an analysis released May 23 by a coalition of businesses, unions, consumer groups, and health care providers. The savings would be realized after reform was instituted at a cost of between $71 billion and $272 billion over four years, the analysis said.
The National Coalition on Health Care said the savings would be realized in any of four health reform options: mandating employer coverage for workers; expanding existing public health programs; creating a new public health program modeled after the Federal Employees Health Benefits Program; and establishing a universal, publicly financed health care system. In all four cases, the cost of a reformed health care system would be less than the price of continuing the current health care system, the analysis said.
The analysis shows "unambiguously" that, "done right, health care reform will save America a great deal of money--while at the same time assuring health coverage for all Americans and improving health care," coalition President Henry E. Simmons said at a briefing. "In short, health care reform is a good investment--a crucial investment--for our nation and our people," he added.