MONTPELIER, Vt. (AP) — New projections by the state of Vermont say a public, universal health care system would cost between $8.2 billion and $9.5 billion a year — roughly $13,000 to $14,000 per resident — by 2020, but that sticking with the current system based on private insurers would cost even more.
Without a health care overhaul approved by lawmakers this year, including a new law that could move Vermont closer than any other state to a Canadian-style single-payer system, costs would surpass $10 billion by 2020, the report said.
Lawmakers asked for the cost estimates by Nov. 1, but they still must determine how to pay for the new system. Officials said residents will get a chance to offer ideas at a series of forums to be held in November and December.
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