Maine predicts savings from health reform
The nation's new health care reform law will cost Maine in the short term but is expected to save the state millions of dollars in coming years, according to a new analysis by the Maine Department of Health and Human Services.
Three program areas will increase state costs by about $6.4 million a year after 2014: a requirement that drug companies rebate a larger percentage of the cost of drugs sold to the Medicaid program, the cost of covering new Mainers through Medicaid, and a provision in the law that extends health insurance coverage for people in the state's foster care system to the age of 26, according to Capitol News Service.
But if the state adopts all of the changes assumed in the analysis, the net savings in 2014 are an estimated total $31.8 million. That estimate could change based on decisions made by the next governor and Legislature on how to offer health care to children, childless adults and parents with incomes over 133% of the federal poverty level, the news service reported.
Go to the article from Capitol News Service>>
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