Ohio Gov. John Kasich’s 2-year budget proposal maintains Medicaid coverage

Despite congressional Republicans’ vow to repeal and replace the ACA, Ohio Gov. John Kasich, R, included Medicaid health coverage in his final two-year budget proposal, according to The Columbus Dispatch.

Advertisement

Gov. Kasich’s budget proposal accounts for coverage for the 3 million poor and disabled residents of Ohio, including 700,000 childless adults, who gained Medicaid coverage through the expansion of the program under the ACA.

To offset the costs of the program, Gov. Kasich’s plan for the state’s Medicaid program would save hundreds of millions of dollars by reducing payments to hospitals and nursing homes, charging some beneficiaries premiums and transitioning some nursing home residents and others into private managed care plans, according to the report.

Gov. Kasich also announced a replacement for the state tax on Medicaid managed care companies, which federal regulators banned.

However, his plan doesn’t include a contingency if President Donald Trump and congressional Republicans cut down the ACA and states lose Medicaid expansion funding, according to the report.

To read the full report, click here.

More articles on finance:
MiraMed Global Services appoints Michael O’Boyle president: 3 points
Moody’s assigns ‘Baa1’ to Community Hospitals of Central California’s bonds
Ochsner to take over St. Bernard Parish Hospital as billing issues cause debt to mount

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.