ASPE estimated hospitals’ uncompensated care costs would have been $34.7 billion in 2014 if the uninsured rate had remained at its 2013 level. However, actual uncompensated care costs for 2014 were estimated to be $27.3 billion.
The majority of the estimated savings ($5 billion) came from states that have expanded Medicaid, representing a 26 percent reduction in uncompensated care costs in those states.
There was also an estimated $5.5 billion reduction in charity care costs at hospitals across the country in 2014, according to the report.
More articles on healthcare finance:
Details on Banner Health’s $86M facility in Colorado released
Henry Ford Health System posts $27.8M surplus
5 hospital CFOs in the headlines this week
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
