Vermont single-payer financing model by UMass Medical School featured in Stateline

August 08, 2014

A report produced by UMass Medical School that lays the groundwork for how Vermont will finance its revolutionary single-payer health care systems was featured in an article by Stateline, a publication of The Pew Charitable Trusts.

The Aug. 7, 2014 article, Vermont Is 'Single-Payer' Trailblazer, describes Vermont’s plan to become the first state in the nation to officially adopt a universal health care system by 2017.

Vermont began working on a financing model with the Center for Health Law and Economics, a unit within UMass Medical School's Commonwealth Medicine division, soon after the Vermont legislature voted to approve a single-payer system three years ago. State of Vermont Health Care Financing Plan Beginning Calendar Year 2017, a report released by the Center in January 2013, was highlighted in the article.

Produced for the Vermont Agency of Administration, the report said Vermont will need to develop new financing mechanisms that raise $1.6 billion to fund a single payer system in 2017. That new figure is $285 million less than the $1.9 billion that Vermont employers and individuals currently contribute through their health care premiums. Wakely Consulting Group Inc. partnered with the Center to complete the report. The UMMS authors included Katharine London, MS; Michael G. Grenier, MPA; Robert Seifert, MPA; and Thomas Friedman, MPA. The Wakely Consulting Group authors included Julie Peper, FSA, MAAA; Julia Lambert, FSA; MAAA, David Neiman, FSA, MAAA; and Crystal Bradley, ASA, MAAA.

The Vermont Secretary of Administration in January 2014 finalized a new contract with the Center to continue consulting on the single-payer initiative. Under this new contract, CHLE will expand upon its health care financing research, respond to questions from the administration and advise the governor on policy issues.

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