Sen. Hoeven Issues Statement on New Draft Health Care Legislation
"As I've said all along, our overall goal for health care reform legislation is to provide Americans with access to patient-centered health care and health insurance at an affordable rate.
"I did not support the
"I will reserve judgment until we do so."
Hoeven is reviewing provisions, including:
Medicaid Expansion Funding Replaced by Refundable Tax Credit,
The objective is to provide low-income individuals with health care coverage either through Medicaid or their own health insurance policy. Through the refundable tax credit and additional funding from the
Obamacare provided for Medicaid expansion with originally a 100% federal cost share, reduced to 90% over several years. Recognizing that formula would be changed to traditional FMAP at some point, many states did not take the expansion. Now states would have new tools and funding on a sustainable basis, to provide coverage by helping individuals purchase their own health policy.
New Approach Phased In Over Seven Years
It's important to understand that the transition to the new system occurs over seven years.
* In years 1 and 2, the state will continue to receive FMAP and federal Medicaid expansion funding on exactly the same basis as it does now. There is no reduction. In fact,
* In years 3 through 7, the state gradually transitions to traditional FMAP, but has the benefit of offsetting federal Medicaid funding with the refundable tax credit and funding from the
Again, the objective is to give states time to adjust while making health care more affordable for everyone, and providing new tools and resources to ensure low-income individuals have coverage.
Association of American Medical Colleges Issues Statement on Revised Senate Health Care Bill
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