That’s the conclusion from a current 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 fee setting beneath a public choice could exacerbate well being care workforce shortages. Our evaluation assumed the general public choice would reimburse physicians lower than personal insurance coverage and would enhance the share of sufferers on authorities plans, which can result in reductions in supplier incomes. This might pose a problem for workforce recruitment and retention, discouraging aspiring employees from coming into the sector and prompting early retirements. These findings corroborate earlier research carried out by FTI Consulting, which discovered a public choice may go away hospitals in monetary misery, leaving them no alternative however to cut 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 beneath a public choice may result in workforce reductions and different measures that might be detrimental to the standard of affected person care.
Do learn the entire report here.