Medicaid, a jointly-funded Federal-State health insurance program for low-income people, continues to grow in size and importance. It’s now 2017, and there will be some major changes to this system, particularly with the number of people getting accepted into this sought-after program. This ultimately affects your hospital’s revenue cycle, thereby affecting the services and practices you employ in the future.
Medicaid Expansion Continues to Gain Traction
State interest in Medicaid expansion continues to grow. According to research, Medicaid has spiked to over 72 million enrollees since Obamacare and 31 states have expanded their Medicaid programs under the Affordable Care Act. Research links these expansions to coverage gains, reductions in hospital care costs and state budget savings.
These growth trends may also reflect economic downturns. Individuals who lose their jobs have declining incomes, allowing them to qualify and enroll in this program. At the surface, this seems great because they are getting coverage they couldn’t otherwise afford. Unfortunately, this increases Medicaid spending so that ever-growing demands can be met. Read more from this blog: http://bit.ly/2k7pHOH