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UMass Economics

Gerald Friedman letter in Boston Globe: Plan was done in by politics, not economics

From the Boston Globe (2/1/15):
THE ARTICLE by Jay Fitzgerald in Sunday’s Business section, “Dream meets reality,” did a disservice to Vermonters by misrepresenting the financing plan for Green Mountain Care. While it is true that a state universal health plan would be expensive, the relevant numbers are not the $4.3 billion cost or even the $2.6 billion in new state funding, but rather the estimated $500 million savings that the program would deliver in personal health care spending, plus another $400 million in sponsor savings by eliminating the cost of administering the private health insurance system. Read more……