Report: Vt. public health care cost could top $9B

By the Associated Press | November 1, 2011 | 4:30 PM EDT

MONTPELIER, Vt. (AP) — New projections by the state of Vermont say a public, universal health care system would cost between $8.2 billion and $9.5 billion a year by 2020, but that sticking with the current system based on private insurers would cost even more.

That amounts to roughly $13,000 to $14,000 per person.

Either way, costs for health care in the state are expected roughly to double in the current decade from the $4.7 billion Vermonters spent on health care in 2009.

But a report by Democratic Gov. Peter Shumlin's administration and legislative researchers says what would be most costly — to the tune of about $10 billion in 2020 — would be for Vermont to stick with its current health care system.

Still unresolved is how to pay for the new system.