The Congressional Budget Office has predicted that fixing a small loophole in President Obama's healthcare reform law could bring in savings of nearly $13 billion over 10 years with minimal impact to consumers, according to a report by The Hill.
Under President Obama's healthcare reform law, middle-income early retirees aged 62-65 could become eligible for Medicaid. Republicans in both the House and Senate have penned legislation that would fix the "glitch." They have proposed examining Social Security benefits when determining eligibility for Medicaid and insurance subsidies instead. The move could save the government $13 billion and reduce Medicaid enrollment by less than 1 million people.
Half of affected consumers would be eligible for subsidies to purchase health coverage through state health insurance exchanges, while less than half million additional consumers would be covered by employers, according to the news report.
Read The Hill report on Medicaid enrollment.
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Under President Obama's healthcare reform law, middle-income early retirees aged 62-65 could become eligible for Medicaid. Republicans in both the House and Senate have penned legislation that would fix the "glitch." They have proposed examining Social Security benefits when determining eligibility for Medicaid and insurance subsidies instead. The move could save the government $13 billion and reduce Medicaid enrollment by less than 1 million people.
Half of affected consumers would be eligible for subsidies to purchase health coverage through state health insurance exchanges, while less than half million additional consumers would be covered by employers, according to the news report.
Read The Hill report on Medicaid enrollment.
Related Articles on Medicaid:
House Democrats Urge Other Lawmakers to Protect Medicaid, CHIP10 Hospitals Sue New Hampshire, Claim Medicaid Reimbursement is Insufficient
Arizona Healthcare Providers Propose Self-Imposed Fees in Place of State's Plan for Medicaid Cuts