By: Congressional Budget Office
Published: July 1993
Financed by: Congress of the United States
Legislation analyzed: H.R. 1300, Universal Health Care Act of 1991
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CBO estimates that enactment of H.R. 1300 would raise national health expenditures slightly at first but would reduce spending about 9 percent in 2000. The administrative savings from switching to a single-payer system would offset most of the cost of the additional services demanded by consumers who would no longer face any out-of-pocket charges. Over the longer run, the cap on the growth of the national health budget - assumed to be 75 percent effective - would hold the rate of growth of spending on covered services below the baseline.