Public Option would lead to increased physician shortages – Healthcare Economist
That’s the conclusion from a latest report from a few of my colleagues at FTI Consulting’s Center for Healthcare Economics and Policy. Within the report titled “Protecting the Pipeline: How a Public Option Could Impact Our Nation’s Health Care Workforce“. An excerpt and a few empirical findings are under.
…authorities price setting underneath a public possibility could exacerbate well being care workforce shortages. Our evaluation assumed the general public possibility would reimburse physicians lower than personal insurance coverage and would improve the share of sufferers on authorities plans, which can result in reductions in supplier incomes. This might pose a difficulty for workforce recruitment and retention, discouraging aspiring employees from coming into the sector and prompting early retirements. These findings corroborate earlier research performed by FTI Consulting, which discovered a public possibility may depart hospitals in monetary misery, leaving them no selection however to scale back their service choices, hours of operation, or time spent with sufferers to stay afloat. Our outcomes additionally help prior analysis indicating low cost charges underneath a public possibility may result in workforce reductions and different measures that may very well be detrimental to the standard of affected person care.
Do learn the entire report here.
