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Ahead Of Second Summit With North Korea, Top Senate Democrats Pen Letter To President Trump Calling For Tough, Principled Diplomacy With Tangible Results, Not Merely A Photo-Op Benefitting North Korea
Warner (D-VA), a member of the Senate Finance Committee, and Sen. Doug Jones (D-AL) were joined by Sen. Tim Kaine (D-VA) and six other Senators in introducing legislation that would allow states that expanded Medicaid after 2014 or expand in the years ahead to receive the same full federal matching funds as states thatexpanded earlier under the terms of the Affordable Care Act.TheStates Achieve Medicaid Expansion (SAME) Act of 2019is also co-sponsored by Sens.
Today, Medicaid expansion is bringing billions of tax dollars back home to Virginia, and more than 400,000 Virginians have gained access to quality, low-cost or no-cost Medicaid coverage,”said Sen. Warner, a former Governor of Virginia.“This bill will bring even more federal dollars back to Virginia by making sure that we get the same deal from the federal government as states that expanded back in 2014.
The bill would ensure that the twelve states that chose to expand Medicaid after January 1, 2014 are eligible for the same level of federal matching funds as those that expanded earlier under the terms of the Affordable Care Act.
The federal government covers the full cost of expansion for three years, phasing down to a 90 percent match rate for the sixth year of the expansion and in subsequent years.
Healthcare Association.That increased federal funding under the SAME Act will be especially meaningful in medically underserved areas, where patients are more likely to be uninsured and hospitals have struggled to stay afloat financially and keep their doors open.
To achieve that, the Commonwealth’s hospitals voluntarily committed the financial resources necessary to cover Virginia’s 10 percent share of program costs not funded by the federal government,”said Virginia Hospital &
Connaughton.“Senator Warner’s legislation to ensure that states which expand Medicaid eligibility under the Affordable Care Act receive equivalent funding, regardless of their expansion date, is a welcome proposal that promotes funding equity among the states.”
due to incomes that are too high to be eligible for Medicaid, but are too low to meet the limit that would allow them to receive tax credits to purchase affordable coverage in the health care marketplace.
Without Medicaid expansion, most of these individuals are likely to remain uninsured, as they have limited access to employer coverage and frequently find the cost of unsubsidized marketplace coverage to be prohibitively expensive.
Numerous studies have shown that expanding Medicaid benefits states directly and indirectly, in the form of jobs and earnings growth, generating additional federal revenue, increasing Gross State Product, increasing state and local revenues and reducing uncompensated care and hospital costs.
for all states adopting Medicaid expansion, the legislation would provide a huge financial benefit to many states, including Virginia as the Commonwealth continues to implement new health coverage for up to 400,000 low income adults.
Kaine said.“By guaranteeing states the same federal Medicaid funding incentives regardless of when they expand, this bill will help Virginia with its expansion program and encourage states that have not yet expanded Medicaid to make the same smart move.”
- On 25. oktober 2021
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