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Eight Ways to Reduce State Healthcare Costs
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Medicaid programs nationwide face many new challenges. Burgeoning Medicaid enrollment and revenue shortfalls (and the resulting budget cuts) have placed a significant burden on the states’ ability to support their existing programs. The passage of the American Recovery and Reinvestment Act of 2009 has stretched Medicaid capabilities and resources even further. The Health Information Technology for Economic and Clinical Health Act subsection requires new initiatives such as adopting Electronic Health Records and Health Information Exchanges to share healthcare information more efficiently. It has also required alignment with EHR “meaningful use” standards in order to receive additional federal funding. More recent legislation has stretched Medicaid budgets even further. The Patient Protection and Affordable Care Act, recently upheld by the Supreme Court, required states to implement Health Insurance Exchanges by January, 2014 – enabling members to review providers and purchase insurance policies. It also extended Medicaid coverage to children of Medicaid members up to age 26, provided a $250 rebate for each senior to close the Medicare Prescription Drug “donut hole” in coverage, and expanded program eligibility to include all people and families with incomes up to 133 percent of the poverty level. The federal funding available to help offset many implementation costs will end – making each state bear a greater percentage of its healthcare costs.
Xerox Corporation - Organizational Body
NONE
Healthcare Management
English
2012
1-8
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