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Testimony of Anya Rader Wallack, Ph

By Tony Rice,2014-02-10 05:22
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A, B, C, D, E, F, G, H, I. 1, WHITFORD MARQUEE & PARTY HIRE. 2, MARQUEE WEDDING CHECKLIST. 3. 4. 5, MARQUEE, Qty, Unit Price, Total Price, Notes ...

    Testimony of Anya Rader Wallack, Ph.D.

    Special Assistant to the Governor for Health Care

    Joint Meeting of the Senate Health & Welfare

    and House Health Care Committees

    on Governor Shumlin’s Health Reform Proposal

    February 8, 2011

    I testified before you about two weeks ago and talked about the reasons we need health reform. Those reasons are compelling. There is a crisis in our health care system:

    1. It costs too much;

    2. Costs are not distributed equitably;

    3. We don’t get the highest possible value for our money; and

    4. People are left out.

    Health care costs more than doubled in Vermont between 1992 and 2009.

    Health;Spending;in;VT;More;Than;Doubled;Between;1992;and;

    2009;

    $5.00;Between;2000;&;2009,;$4.71;average;growth;rate;was;$4.38;8.3%,;or;$265;million;$4.50;annually;$4.11;$3.98;$4.00;$3.63;$3.38;$3.50;$3.15;Between;1992;&;2000,;$2.80;$3.00;average;growth;rate;was;$2.54;7.4%;or;$125;;million;$2.30;annually;$2.50;$2.07;$1.86;$1.79;$2.00;$1.72;$1.65;$1.52;$1.40;$1.30;$1.50;

    $1.00;

    $0.50;

    $0.00;1992;1993;1994;1995;1996;1997;1998;1999;2000;2001;2002;2003;2004;2005;2006;2007;2008;2009; Source: VT Department of Banking, Insurance, Securities and Health Care Administration (BISHCA)

    Health care costs grew, on average, at more than 12 times the rate of growth of the Vermont economy in recent years. This is simply astounding and clearly not sustainable. Health care spending now accounts for 18.5 percent of our gross state product, and clearly is squeezing out other priorities.