How a single-payer system could save more than $1 billion per year by 2030

Posted January 19, 2020 10:02:06A single-payment health care system that covers all Australians would save taxpayers $1.8 billion per annum by 2030, according to a new study.

The study from the Fraser Institute found that the Commonwealth’s health spending would drop by $2.6 billion over that time, due to a reduction in private insurance and the removal of a cap on the number of health care providers that could be contracted to provide care.

“If all Australians had a single payer system, the Commonwealth would save about $1,300 per person per year in health care,” the Fraser paper said.

“This savings is due to the reduction in the number and quality of health services in the Commonwealth, the reduction of costs of private health insurance and higher costs of administering health care to those who do not need it.”

Dr Jennifer Ewers from the Institute’s Fraser Centre said the report showed there was a need for a national single-payer system.

“We need to be talking about universal access to healthcare,” she said.

The Commonwealth’s Health Department said it was not surprised the study had generated such a response.

“There’s a lot of discussion around universal access of healthcare in Australia and that’s why we’re talking to a range of stakeholders in the health sector,” Health Minister Jill Hennessy said.

Health and Social Care Minister Andrew Robb welcomed the findings and said the Government was committed to a national universal system.

He said the Commonwealth could not wait for the next election and needed to act quickly.

“I think the government has got to act very quickly to get this done,” he said.

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