Author: Gerald Friedman
Published: April 19, 2018
Financed by: SPAN Ohio
Legislation analyzed: None.
Download the Report: from SPAN Ohio or below.
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The Ohio Health Plan would finance medical care with substantial savings compared with the existing multi-payer system of public and private insurers. By reducing administrative waste, including health insurance company profits and excessive prices for drugs, hospitals, and medical devices, the Plan would increase real disposable income for the vast majority of residents. It would simultaneously increase employment by reducing the burden of health insurance on business. Some of these savings would be used to extend coverage to the 6% of Ohio residents still without insurance under the Affordable Care Act. Other savings would be reinvested in the health care system to improve coverage for the growing number with inadequate coverage. In addition to improving residents' health by reducing barriers to health care, the Plan would eliminate the financial penalty associated with health problems. It would also reduce economic inequality by replacing the current regressive system of health insurance finance with contributions proportional to income and ability to pay.