GOP Governors Refusing To Expand Medicaid Could Cost Their States’ Employers .. $1B+

[boutons_deux]

A clause in the 2010 health-care overhaul penalizes some employers when their workers aren’t able to obtain affordable medical coverage through the company. Employers can avoid those fees if their workers qualify for Medicaid as part of an expansion that as many as 22 states have rejected, according to a report today by Jackson Hewitt Tax Service Inc.


Without Medicaid, a “shared responsibility” payment of as much as $3,000 may be triggered for each employee who can’t get insurance through their company. In Texas, the largest state to refuse to increase Medicaid, employers may be liable for as much as $448 million in fines, the study found. In Florida, where the legislature has refused an expansion supported by Governor Rick Scott, employers may pay as much as $219 million. [...]

http://thinkprogress.org/health/2013/03/14/1720951/gop-governors-medicaid-cost-employers/

Repugs must implement their blind, sociopathic, obstructive, retrograde ideology, no matter what the costs.

[Wild Cobra]

I keep telling everyone, employers will be cautious of bringing in a larger workforce when they can work employees on overtime, until the final changes of Obamacare are implemented.

This is why we have a very, very long recession and slow recovery.

Obamacare.

[boutons_deux]

I keep telling everyone, employers will be cautious of bringing in a larger workforce when they can work employees on overtime, until the final changes of Obamacare are implemented.

This is why we have a very, very long recession and slow recovery.

Obamacare.

you're full of bullshit. corporations have been sitting on $Ts of cash rather than investing or hiring because the domestic demand is down, not because of ACA. And many of them won't ever hire US employees because they'd rather buy from their or other factories overseas, in countries, eg, with 6000 pigs in the river.

[boutons_deux]

OK, it's Moody's, a wall st sycophant

Moody’s: Refusing Medicaid Expansion Will ‘Put Pressure’ On State And Hospital Credit Ratings

either hospitals in states refusing the expansion, or the states themselves, will feel pressure on their credit ratings due to higher uncompensated care costs and cash-strapped budgets.


In a press release regarding a new Moody’s report on Medicaid expansion, the agency explains that refusing the expansion would by necessity force one of these institutions or the other to lose out — since the resulting increase in the ranks of uninsured, low-income Americans would put fiscal strains on safety net hospitals or the state at large. As Nicole Johnson, a Senior Vice President at Moody’s, explained, “States that opt out of Medicaid expansion will have to choose whether to compensate for the shortfalls with their own funds or leave hospitals to absorb the costs, which will increase rating pressure on the hospitals. States that choose to fund uncompensated care costs themselves could face budgetary strain.”


As the press release notes, refusing to expand Medicaid would significantly increase uncompensated care costs for hospitals that cater to low-income Americans because Obamacare institutes deep cuts to reimbursements made to these “disproportionate share hospitals,” or DSHs. This is because lawmakers originally expected the expansion to be mandatory for all states, thus lowering the need for DSH payments — but the Supreme Court ruled that provision to be optional, instead.
http://thinkprogress.org/health/2013/03/15/1727621/moody-medicaid-expansion/