Medicaid Providers Unhappy About State Cuts
Baptist Memorial Retirement Community can't afford more financial strain. The only nonprofit senior care facility in San Angelo — already struggling to retain a quality nursing staff — faces major Medicare provider cuts in the health care reform bill on life support in Washington. But last month, Baptist Memorial and other senior and long-term care facilities learned they may be hit at home too: Medicaid provider rate cuts under consideration by the state's Health and Human Services Commission.
“We can’t afford to serve as many people as we have historically,” says Baptist Memorial Executive Director Patrick Crump, whose facility ...

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Sue McIntyre
Wed, December 29, 2010 1:34:00 PMqotd: Private insurers depending on Medicaid for growth
From: Don McCanne <don@mccanne.org>Add to Contacts
To: Quote-of-the-Day <quote-of-the-day@mccanne.org>
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The Wall Street Journal
December 29, 2010
Insurers Bid for State Medicaid Plans
By Avery Johnson
Health insurers are preparing to capitalize on $40 billion of new opportunities to run privately managed Medicaid plans for the states, which would position insurers to benefit from the health overhaul's expansion of Medicaid in 2014.
Medicaid is one of health insurers' few bright spots, as their margins are pressed by regulatory crackdowns on premiums in their traditional policies. Gail Boudreaux, UnitedHealth's executive vice president, told investors last month that: "The Medicaid space is a significant long-term growth opportunity for us. It's a big market that's getting even bigger."
Budget crises mean cash-strapped states are more willing than ever to outsource their programs to private companies.
http://online.wsj.com/article/SB10001424052748704259704576033943934403286.html
Comment: When you hear that the nation's largest (in revenue) investor-owned insurer is looking at taxpayer-financed Medicaid as "a significant long-term growth opportunity," be afraid. Be very afraid.
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