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Preliminary Estimate of the Effects of S. 491, American Health Security Act of 1993

By: Congressional Budget Office
Published: July 1993
Financed by: Congress of the United States
Legislation analyzed: S. 491, the American Health Security Act of 1993


Download the Report: from the Congressional Budget Office, or from our backup files below.


Summary

CBO estimates that enactment of S. 491 would raise national health expenditures at first but would reduce spending about 5 percent in 2003. The administrative savings from switching to a single-payer system would offset some of the cost of the additional services demanded by consumers. Over the longer run, the cap on the growth of the national health budget – assumed to be 75 percent effective, as explained below – would hold the rate of growth of spending on covered services below the baseline.


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