Finance and Revenue February 2025 update
The Finance and Revenue Committee of the UHPGB met for the eighth time on Feb 18, 2025.
Summary by Sandra Coyner, HCAO/HCAO-Action (SandraCoyner@hcao.org)
The committee is working on revenue sources–how the health plan will be paid for, and in particular what taxes could be recommended-- listing and discussing a smorgasbord of possible taxing tools.. At this meeting the committee mostly reviewed the recommendations of the Task force and the RAND report, with a sketch of how some other jurisdictions use taxes. (Committee is now about at the place where the Task Force left off with regard to taxes.)
Discussion will now need to go forward for the GB to make its own decisions, mentioning a number of topics the Committee will need to address, including naming the “tax” a “premium,” need for reserves, design issues for various taxes, how to resolve inevitable conflicts among principles and values.