This level of savings means the state is expected to save three dollars for every dollar spent to implement nationwide healthcare reforms passed through the Patient Protection and Affordable Care Act.
While new costs — which have risen as dependent children are covered longer, insurers are prohibited from capping medical payouts and existing plans lose grandfathered status — will amount to $55 million in 2012, the state will save $153 million through two programs aimed at retired residents.
Related Articles on Coding, Billing and Collections:
Kansas Governor’s Rejection of $31.5M Health Insurance Exchange Grant Prompts Criticism
Eliminating SGR Essential to Reforming Medicare Experts Say
One-Quarter of Nevada Residents Under 65 Lack Health Insurance
