The American Health Care Act, if enacted in its current form, would be credit negative for most corporate healthcare companies in the USA, according to a new report from Moody’s Investors Service.
Moderate House Republicans have voiced concerns over its cuts to Medicaid, while conservatives like Amash, a House Freedom Caucus member, say the legislation does not move far enough away from ObamaCare.
The most objective observers acknowledge there were flaws in the roll-out, fewer have signed up than anticipated, in some states the choice of physicians has been narrowed, and-most importantly-an insufficient number of otherwise healthy individuals (mostly younger) have chosen not to sign up which can starve the program of the revenues it requires in order to fully flourish.
Schuab says six million people in NY depend on Medicaid, including seniors, children and adults with disabilities, as well as working adults who don’t make enough to pay for health care, and whose employers do not provide coverage.
Protesters rally outside Senators Bob Corker’s and Lamar Alexander’s offices in support of the Affordable Care Act. She says this bill leaves the fate of some current funding streams unclear and there’s one pot of money she’s particularly concerned about.
The GOP proposal will do nothing to expand care for people who need health insurance while it will benefit the rich, Friedman argued.
Virginia already has some of the strictest Medicaid eligibility standards in the county, and it ranks 47th among other states in terms of per capita Medicaid expenditures. The American Medical Association and American Hospital Association also oppose it.
However, that is not the case for another group of about 25 million Americans with unsubsidized individual-market coverage (10 million people) or small-employer plans (at least another 15 million people).
The nonpartisan CBO also projected the legislation would boot 24 million people from health coverage, including 14 million who’d lose it next year.
Sen. Emmett Hanger, a Republican who co-chairs the Senate Finance Committee, said Friday that the governor’s predictions of higher taxes or a reduction in services were premature. The public was also split about whether the ACA should be repealed. These populations make up 96 percent of people on Medicaid in Texas. If you’re say 50 to 64, the cost will jump into the thousands and thousands a year.
Rep. Bill Pascrell, D-N.J., said the Republican 30 percent surcharge feature would only profit big insurance companies, mocking the GOP’s criticism of Obamacare’s fine for the uninsured. Rep. Bill Flores, R-Texas, said it’s important to get the legislation passed before Congress leaves for a two-week spring recess next month. “It’s a bad deal for the American people”.
Republican members have been assured that the current House bill is on track and being reworked to include the option for states to impose work requirements for able-bodied adults who are on Medicaid, something the RSC has been lobbying for.
“We’ve got 100 percent of the cuts that we expected and less than 100 percent of the coverage”, Tenet Chief Executive Officer Trevor Fetter said Tuesday at the Barclay’s Global Healthcare Conference in Miami.
IL devotes $10 billion in state funds each year to Medicaid, or about one-quarter of the state’s general fund. And that would be just a drop in a bucket for a state as big as Texas.
This story is part of a partnership with NPR, Rhode Island Public Radio and Kaiser Health News.