According
to a cost analysis, people under Medicaid could be moved to a "private Option'
at a very low cost.
The
estimates showed that less than 15% would be the additional cost and when
worked realistically there would be no added federal cost.
What is Medicare / Medicaid?
Medicaid / Medicare are different governmental programs that provide medical and health-related services to specific groups of people in U.S. and managed by Centers for Medicare and Medicaid Services.
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In a report from the State Department of Human Services, along with input from Arkansas Insurance Commission and consultants, Private insurance would coast 50% more than Medicaid.
The Arkansas proposal would bring in
250,000 new low-income adults into the private market, creating competition and
price pressure.
According to the report, by including Medicaid-funded adults in the exchange, the federal treasury would spend about $700 million less on tax subsidies in Arkansas.
![Governor of Colorado – Hickenlooper Wants Medicaid Expansion]( "Governor of Colorado – Hickenlooper Wants Medicaid Expansion")
Governor of Colorado wants to accommodate more people under Medicaid with the help of the Federal Government and State not incurring losses.
Arkansas state officials have designed an exceptional plan to expand Medicaid, lead by Governor Mike Beebe, a Democrat.
The governor's proposal would expand coverage to state residents who earn up to 133 percent of the poverty line, or $15,415 per year.
The Arkansas legislature did not want to expand Medicaid for those under 133 percent of the federal poverty line, an option under the Affordable Care Act. Instead, it wanted to use billions in Medicaid funding to buy private insurance for that same population.
With a verbal agreement with Secretary of Health Kathleen Sebelius, state officials find they could use Medicaid funds to acquire private insurance for adults with incomes below 133 percent of the federal poverty level.
The insurance would be purchased through a health insurance exchange that Washington is scheduled to begin operating with Arkansas on January 1, 2014. The online marketplace would allow people with incomes of up to 400 percent of the poverty line to obtain private coverage at federally subsidized rates.
The Arkansas deal could provide a template for other states. Ohio Governor John Kasich, a Republican, is already in talks with state legislators in Columbus about the prospects of a similar deal.
Conservatives like the Arkansas concept because the privatization avoids a government expansion.
References :
Hannah Punitha (IRDA Licence Number: 2710062)
Suzi Parker, March 2013
Source: Medindia
According to the report, by including Medicaid-funded adults in the exchange, the federal treasury would spend about $700 million less on tax subsidies in Arkansas.
Governor of Colorado – Hickenlooper Wants Medicaid Expansion
Governor of Colorado wants to accommodate more people under Medicaid with the help of the Federal Government and State not incurring losses.
Advertisement
Arkansas state officials have designed an exceptional plan to expand Medicaid, lead by Governor Mike Beebe, a Democrat.
The governor's proposal would expand coverage to state residents who earn up to 133 percent of the poverty line, or $15,415 per year.
The Arkansas legislature did not want to expand Medicaid for those under 133 percent of the federal poverty line, an option under the Affordable Care Act. Instead, it wanted to use billions in Medicaid funding to buy private insurance for that same population.
With a verbal agreement with Secretary of Health Kathleen Sebelius, state officials find they could use Medicaid funds to acquire private insurance for adults with incomes below 133 percent of the federal poverty level.
The insurance would be purchased through a health insurance exchange that Washington is scheduled to begin operating with Arkansas on January 1, 2014. The online marketplace would allow people with incomes of up to 400 percent of the poverty line to obtain private coverage at federally subsidized rates.
The Arkansas deal could provide a template for other states. Ohio Governor John Kasich, a Republican, is already in talks with state legislators in Columbus about the prospects of a similar deal.
Conservatives like the Arkansas concept because the privatization avoids a government expansion.
References :
Hannah Punitha (IRDA Licence Number: 2710062)
Suzi Parker, March 2013
Source: Medindia
Not Expanding Medicaid to the Poor Could Lead to Unintended Cuts for Hospitals Providing Uncompensated Care
Researchers led by John Graves of Vanderbilt University have found that hospitals that provide uncompensated care could face unintended cuts.
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 New Analysis Suggests Poorest Americans at Risk If States Opt Out of Medicaid ExpansionA new legal analysis has suggested that health coverage for the poorest Americans could be in jeopardy in many states | Advertisement
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