Colorado plans Medicaid expansion, claims cost savings (Denver Post)

January 3, 2013 – Colorado plans to expand Medicaid coverage next year to cover more than 160,000 additional low-income adults, aided by cost-control savings of more than $280 million over the next 10 years, Gov. John Hickenlooper announced Thursday. Through 2016, the federal government covers the entire cost of the expansion, which comes under provisions of the Affordable Care Act. By 2020, Colorado will be expected to pick up 10 percent of the cost. Steven Summer, president and chief executive of the Colorado Hospital Association, also praised the expansion, noting that expanding Medicaid reduces uncompensated care, which has decreased by $214 million since the implementation of a Medicaid provider fee in 2009 but still surpasses $1 billion annually.

Link to Full Article: http://www.denverpost.com/breakingnews/ci_22307041/colorado-plans-medicaid-expansion-claims-cost-savings-process

 

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