The nation’s hospital system could lose hundreds of billions of dollars if Republicans and President-elect Donald Trump repeal Obamacare without restoring cuts made in the 2010 health-care law.
Republicans are considering quick passage in early 2017 of legislation similar to what the House and Senate passed in late 2015, which was vetoed by President Barack Obama. That budget bill would have repealed the Affordable Care Act’s Medicaid expansion, premium tax credit and cost-sharing subsidies, as well as penalties for individuals and employers that don’t meet the law’s coverage requirements.
But the repeal bill, the Restoring Americans’ Healthcare Freedom Reconciliation Act, didn’t include replacement legislation, which will need some support from Democrats to overcome the Senate’s 60-vote requirement to stop a filibuster.
If the repeal plan is enacted without a replacement, the number of uninsured would increase by 22 million people by 2026 from a projected 28 million under the ACA to 50 million, according to a study conducted for the American Hospital Association and the Federation of American Hospitals.
“This reversal of coverage would represent an unprecedented public health crisis as individuals would lose their insurance coverage and no longer be able to follow their prescribed regimen of care,” the study said.
Hospitals stand to lose $165.8 billion due to coverage losses from 2018 to 2026 as they would have to absorb the cost of uncompensated care, the study said. The study also said hospitals would suffer a loss of $289.5 billion in Medicare inflation updates if the payment reductions in the ACA aren’t restored.
The two hospital trade associations sent letters to Trump and to congressional leaders urging them to include in legislation repeal of funding reductions for Medicare and Medicaid hospital services that were included in the ACA to help fund coverage for the newly insured.
Otherwise, the funding cuts “will create challenging and potentially unsustainable financial circumstances that could ultimately reduce patients’ care options,” the letter said.
Read the full story at http://src.bna.com/kBd.
Stay on top of new developments in health law and regulation with a free trial to the Health Law Resource Center.
Learn more about Bloomberg Law and sign up for a free trial.
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to email@example.com.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to firstname.lastname@example.org.
Put me on standing order
Notify me when new releases are available (no standing order will be created)