Hhospitals could end up on the losing end of some $800 billion over 10 years due to lower Medicare reimbursement for providers as people switch from commercial plans. (Photo: Shutterstock)
A public option supported by an increasing number of Democrats is meeting pushback from hospital groups.
An analysis from the American Hospital Association and Federation of American Hospitals projects that hospitals could end up on the losing end of some $800 billion over 10 years due to lower Medicare reimbursement for providers as people switch from commercial plans to a buy-in to Medicare.
Related: Medicare for All: Where the 2020 presidential candidates stand
“This buy-in to a Medicare-like public option may fit on a bumper sticker, but it is no solution for health care coverage,” FAH President and CEO Chip Kahn said in a statement. ”This ill-conceived program would undermine access to care and threaten the ability of providers and clinicians to meet the needs of their patients.”
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
