Healthcare Reform: Reconciliation Act Increases Cost | Healthcare Reform
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More Healthcare Reform Healthcare Reform: Reconciliation Act Increases Cost

Healthcare Reform: Reconciliation Act Increases Cost

Healthcare Reform - Healthcare Reform

Healthcare ReformThe Reconciliation Act increases costs to $940 billion, compared to the initial cost of the Senate's version of healthcare reform, which came in at $871 billion.

The Reconciliation Act also increased the number of Americans who will now have health insurance coverage by one million—from 31 million to 32 million.

Additionally, rather than the reductions in reimbursement by the Senate that looked to adjust the rates by $103 billion over the next 10 years, the reconciliation bill will reduce reimbursement by $9.9 billion over the next 10 years, according to HFMA.

The Reconciliation Act makes no significant changes pertaining to healthcare reform which would save an apparent $13.5 billion in the next 10 years by implementing value-based purchasing and pilot programs to test bundled payments, while decreasing payments for readmissions. 

However, the Reconciliation Act would lower the flat payment for individuals to $695 in 2016, opposed to penalizing individuals without insurance $750 per each uninsured adult in 2016, but would increase income percentages to 2.5 percent.

Source : HFMA

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