We will leave aside Republicans' wildly optimistic economic growth projections and Congress' elimination of scoring by the CBO – but you shouldn't. (from former Reagan and Bush economic adviser Bruce Bartlett, discussing GOP growth projections... “[it's] wishful thinking. So is most Republican rhetoric around tax cutting. In reality, there's no evidence that a tax cut now would spur growth.”
Instead, the plan would cut Medicaid funding by 30 percent over the next ten years and slash Medicare by another half-trillion dollars.
There are NO details on how these cuts would be made or which providers and beneficiaries would lose what. This is classic Washington; they don't want to highlight any specifics because the lobbyists will flood their offices.
Without those details, it is clear that doctors, hospitals, clinics and therapists would all face massive cuts in Medicaid reimbursement, and millions of families and kids would lose coverage.
If something like this becomes law;
doctors and hospitals are going to jack up prices and increase utilization for privately-insured patients,
insurance markets will be thrown into disarray as the budget blueprint slashes ACA subsidies, and
the health status of millions of kids will decline.
What does this mean for you?
IF something like this passes – which I believe is highly doubtful – the US healthcare “system” will be hugely disrupted, with major implications for employment, private insurance costs, and workers' comp.
ABOUT THE AUTHOR
Joe Paduda, the principal of Health Strategy Associates and president of CompPharma, is a nationally recognized work comp expert and speaker with considerable expertise in medical and pharmacy management. Joe consults with managed care organizations, providers, insurers, employers, and private equity firms and conducts an annual payer survey on managing work comp pharmacy. In addition to writing the popular and controversial www.ManagedCareMatters.com, he is a founder and contributor of www.HealthWonkReview.com, a collaborative blog on healthcare policy.
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