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
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.
