Could costs be managed as “baby boomers” reach retirement age?
It is likely that an aging population would use more services, which would increase spending. However, the overall negative impact would be less under SB 840 than under the current for-profit insurance system. It is expected that some of the increased spending would be offset by new cost-saving technologies, bulk purchasing of pharmaceuticals and medical equipment, system-wide planning and other cost control tools that are absent in the current multi-payer insurance system. SB 840 also provides for other ways to help deal with this issue. For example, all seniors will have health care and prescribed drugs when they are needed. With access to primary, preventative and timely care, health problems can be detected in their early stages when treatment is less costly. This reduces the money spent for needed acute care and complex treatment of illnesses. The fast-growing aging population could become healthier seniors. 5. Would fraud be a problem for the publicly financed universal health sy
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