7-26-10: Lt. Gov. Brown on the Cost of Health Care Reform in Maryland
The Maryland Health Care Reform Coordinating Council has been meeting for a couple months now, trying to figure out how to implement federal health care reform law at the state level. They’ve also been trying to answer the big question: will reform cost Maryland money or save Maryland money?
This morning, the Council released a highly-anticipated report that uses a research-based financial modeling tool to try and answer that question. Their answer? Maryland expects to save $829 million over the next decade, give or take a couple hundred million.
But we’ll save more some years than others, according to the report, and by the time 2020 rolls around, we’ll be spending money again.
Sheilah talks to Council co-chair Lt. Gov. Anthony Brown about how Maryland is going to implement–and pay for–the federal health care reform law.