blog

Home / DeveloperSection / Blogs / Advantages of Medicaid Expansion

Advantages of Medicaid Expansion

Thomas Gerones514 04-Jun-2019

Medicaid is a health insurance program which deals with public health insurance of people and children who have a relatively lower income; it also ensures those people with disabilities are covered in this program. This is a very important kind of insurance that is fully paid for by the government, the best thing about this insurance is that its enrollment is not time limited, you can enroll anytime of the year as long as you are eligible there are expansions that the Medicaid will experience that are put forward by the federal government. There are various advantages that you get to enjoy when you enroll for this program after the expansion, this includes;

Advantages of Medicaid Expansion

1. Provides access to quality health coverage.

This program provides a very high quality health care to people who have a low income. This is a quite important cover because it focuses on people who might just be working on jobs that doesn’t have a health insurance cover because of their very low wedges. This in turn reduces the health coverage gap that exists between people who have a high income and those with a lower income. The expansion of this program will ensure its quality raises, and also it will increase the amount of people it reaches hence increased access.

2. Children covered

This program covers a very large number of children from low income families who are not able to raise money for health coverage. This is a great advantage because in such families children are the most affected due to lack of basic health care. This is a strategic importance to raising a healthy nation. The expansion of this program will make sure it covers more families which means more children will be covered

3. Promotes economic growth

Just as the saying goes, “a healthy nation is a wealthy nation” it is very important for a nation to have its citizens that can access quality and affordable health care, this will significantly increase the production of the country at whole hence economic growth. on the other hand the expansion will mean more jobs will be created for those who are taking care of the patients, more jobs means more tax, hence this will promote the economic growth of the country.

4. The states will save money

Expansion of this program will mean that the states will save a lot of money because they are not being involved in an expansion, the federal government is in charge of the total amount of the expansion, and as a result the states can be able to develop themselves with the money saved from the expansion project

5. There will be reduced uncompensated care.

The expansion will be significantly reduce the money used for the uncompensated care for the emergency rooms that people who does not have health insurance use. Without expansion it is very hectic because there will be delayed consultations with the doctor to those people who are not ensured, these people will in turn to the emergency rooms when they become too sick while waiting. This is not a good situation, which is why this is a good project, when fully expanded there will be reduced uncompensated care.

In conclusion the expansion project for the Medicaid program will be of great importance to the people with quite low income because many of them will be covered, this will also increase the number of children that will be covered, this will be a great benefit since many of the parents cannot afford better healthcare for their children, the expansion will come with very great economic growth, first this will create more jobs and when most people get employed the economy grows as a result of tax payment finally this expansion will be very beneficial to the states because they are not getting involved in expansion, this means that they will save a lot of money. This expansion may at some point be affected by the Medicare supplement plans for 2020, which are meant for making a few changes in the Medicare sector.


Updated 04-Jun-2019

Leave Comment

Comments

Liked By