Report: If Medicaid expansion ends, be prepared to pay more for private insurance
A new report released last week asks a fairly straightforward question: What would happen to the individual health insurance market in
The answer is relatively easy to predict, say the authors of a new report, "Ending Medicaid Expansion: Effects on the Individual Market."
The report concludes that several related impacts would happen if
If
"To date, of the 41 states (including DC) that have adopted the Medicaid expansion program, none have ended it. Consequently, there is no historical precedent as to what such a change could do," the report states.
However, two other studies and the federal
The report also predicts fewer former Medicaid enrollees will migrate back to the private individual marketplace, causing the percentage of uninsured residents to rise.
"The increase in cost-sharing, reduction in benefits, and, in some case, increases in premiums for individual enrollees will likely result in some portion of the Medicaid expansion beneficiaries becoming uninsured or seeking coverage elsewhere (for example, coverage that does not meet major medical standards like limited short-term duration plans)," it said.
The report traces the effects that could happen statewide if the percentage of uninsured Montanans started rising, which would substantially jeopardize healthcare systems' funding and operation.
"The current uninsured rate among non-elderly in
With the current number of residents that don't have any coverage,
"Prior research indicates that expansion reduced the number of hospital closures. Consequently, the reverse should also be true," the report said. "Ending Medicaid expansion should reduce provider revenue and increase the number of provider closures."
In addition to decreasing the availability of care and harming healthcare systems, the report also said that additional revenue comes to the state from the federal government and that would hurt the state budget.
And that's before factoring in what may happen with individual health conditions.
"There is vast literature on the positive effects Medicaid coverage has on the health status of beneficiaries, specific health conditions like cancer and diabetes, chronic conditions like heart disease, people with disabilities, maternal health, infant health outcomes, substance abuse treatment," the report said. "Additionally, specific populations such as federally recognized Native American Tribes may be even more adversely affected than the general population."
Americans Despise These Insurance Companies
Registration Statement by Closed-End Investment Company (Form N-2)
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News