That’s the conclusion from a latest report from a few of my colleagues at FTI Consulting’s Heart for Healthcare Economics and Coverage. Within the report titled “Defending the Pipeline: How a Public Possibility Might Influence Our Nation’s Well being Care Workforce“. An excerpt and a few empirical findings are beneath.
…authorities fee 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 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 staff 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 alternative however to scale back their service choices, hours of operation, or time spent with sufferers to stay afloat. Our outcomes additionally assist prior analysis indicating low fee 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 right here.