An Act Establishing A Single Payer Health Care Program In Connecticut.
The introduction of HB 5340 is expected to significantly change the landscape of health care financing in Connecticut. By establishing a single payer system, the bill seeks to ensure that every resident has access to necessary health services without financial barriers. The focus on preventative healthcare access and early intervention is intended to improve health outcomes and potentially reduce long-term healthcare costs for the state. In addition, the bill proposes the establishment of oversight agencies to manage the health care program effectively.
House Bill 5340 proposes the establishment of a self-insured single payer health care program in Connecticut. The bill aims to provide comprehensive health coverage for all state residents, including services such as dental, vision, reproductive health care, and long-term care. Importantly, the program would operate on a fee-for-service basis, utilizing global budgets for hospitals, thereby moving away from traditional insurance models that involve premiums and out-of-pocket expenses for enrollees. Instead, funding for the program would be collected through taxation, eliminating copayments and deductibles for covered benefits.
Despite its ambitious goals, HB 5340 has sparked considerable debate among lawmakers and stakeholders. Proponents argue that the single-payer model will streamline healthcare delivery and reduce overall spending through more efficient resource allocation. However, opponents express concerns regarding the reliance on tax funding, fearing it may lead to increased government spending and bureaucratic oversight. Additionally, there are debates surrounding the potential impact on existing insurance industry jobs, with provisions proposed to support displaced workers in transitioning to new roles.