Perkins Thompson
Share

Maine Center for Elder Law Blog

Tuesday, October 19, 2010

Health care law fact check: Medicaid and health spending

Starting in 2014, the new health care law will require participating states to cover everyone earning 133 percent of the poverty level or less through Medicaid. It is estimated that this will bring 16 million to 23 million more people into Medicaid. The federal government will pick up nearly all the cost of these newly eligible beneficiaries, starting at 100 percent from 2014 to 2016 and gradually decreasing its share to 90 percent from 2020 onwards.

The impact of this mandate could vary considerably. States such as Texas and Alabama that have had narrow eligibility rules will add far more people to their rolls. But they will also get a lot more federal dollars to cover the extra cost. States such as Massachusetts and New York, whose current rules are more expansive, may see fewer new enrollees, but initially they'll get less federal help to cover them.

Such states could also see savings because many people they have been helping will be eligible for federal subsidies to buy insurance on state-based exchanges.

So what's the bottom line? Estimates vary widely.

Read the whole story:  http://www.washingtonpost.com/wp-dyn/content/article/2010/10/18/AR2010101804768.html?hpid=sec-health


Archived Posts

2018
2017
2016
2015
2014
2013
2012
2011
2010


The Maine Center for Elder Law is a practice of Perkins Thompson, P.A. The Center assists clients with Medicaid (MaineCare) Planning, Planning for VA Aid and Attendance Eligibility, Special Needs Planning, Estate Planning, and Probate, Estate & Trust Administration matters in York County, Cumberland County and nearby Maine counties.



© 2019 Maine Center for Elder Law, a Practice of Perkins Thompson, PA | Disclaimer
Medicaid (MaineCare) Planning | Planning for VA Pension with Aid & Attendance | Special Needs Planning | Estate Planning | Probate, Estate & Trust Administration | | Resources | About Us | Contact Us

Attorney Website Design by
Amicus Creative