Payer Updates:
Vermont Billers: Is a Single-Payer System In Your Future?
Published on Fri Jun 10, 2011
Plus, Medicare may go broke in 2024 according to report.On May 25, Peter Shumlin, governor of Vermont, signed a bill he said will create "the first single payer system in America.""The legislation sets up a framework for developing an implementation plan for Green Mountain Care, a universal, unified health care system," according to vtdigger.org. "The bill creates a five-member board that will oversee the development of a benefits package, a reimbursement system for doctors and hospitals, and afinancing system to support the universal health care plan." Earlier in May, both the House and Senate in Vermont passed the bill (H.202). According to information about the legislation on the MVP Healthcare Web site, the state is looking to implement the single-payer system in 2014 and the first pilot program will begin by January 2012. Stay tuned to Medical Office Billing & Collections Alert for more information as H.202 legislation and implementation [...]