Cutting Medicaid by 5% Could Spur Massive Job Losses

Cutting Medicaid by 5 percent could cost U.S. states $14 billion and trigger massive job losses, according to a study by the National Association of Public Hospitals and Health Systems and reported by Reuters.

Advertisement

According to the study, the drastic reduction in Medicaid funding could “stifle business activity and job creation in states already struggling through the recession,” according to the report.

Experts say that Medicaid spending boosts local economies because it provides funding to healthcare providers and employees and contributes federal dollars to the community through a federal matching program.

Related Articles on Coding, Billing and Collections:
Occupy Wall Street Protesters to Target Health Insurance Industry
San Francisco Mayor Vetoes Legislation That Would Close Health Insurance Loophole
Wyoming Health Coverage Project Draws Few Early Subscribers

At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.

Advertisement

Next Up in ASC Coding, Billing & Collections

Advertisement

Comments are closed.