How reliable are the ratings given nursing homes under the five-star rating system that the federal government recently insti...Read more
Report: Medicaid Cuts Are Bad Medicine for Economic Health
- January 31st, 2003
As financially strapped states plan big cuts in their Medicaid programs, a new report documents that those cuts would significantly harm each state''s ailing economy. The report, issued by the health care consumer watchdog organization Families USA, indicates that states cutting their Medicaid programs would trigger large reductions in their states'' jobs, wages, and business activity.
The study, Medicaid: Good Medicine for State Economies, analyzed the Medicaid spending of the 50 states in 2001. The study found that the total $97.7 billion spent on Medicaid generated $279.3 billion in goods and services from increased business activity. Medicaid funding infuses the state with federal matching dollars. This creates more health care jobs, and these new workers spend their money on goods and services through the 'economic multiplier effect.'
According to the report, states stand to lose an average of 37 jobs for every million dollars cut in the Medicaid program in 2003. Such job losses would vary considerably from state to state, with Mississippi losing 72 jobs for each million-dollar cut while Delaware would lose 17 jobs. A reduction in Medicaid spending will therefore not only harm those in need of health insurance, but also will reduce the number of jobs and services available within a state.
'Cuts to the Medicaid program are short-sighted," said Families USA executive director Ron Pollack. "Medicaid is a powerful stimulus to state economies, and Medicaid cutbacks will exacerbate states'' economic problems."
- To read a press release on the report, go to: http://www.familiesusa.org/StateMedicaidCuts.htm
- To download the report in PDF format, go to: http://www.familiesusa.org/GoodMedicineReport.pdf
- Families USA also has created a calculator that allows you to gauge the impact of Medicaid cuts on your state's economy. Go to: http://www.familiesusa.org/Calculator/USmap.htm
Local Elder Law Attorneys in Ashburn, VA
Hammond and Associates, LLC, Elder Law, Estate Planning, Wills, Trusts, Probate
For Jeffrey Hammond, the practice of Elder Law is personal. Jeff’s many years of experience in law and in business did not prepare him for the crisis he faced in 2005 and 2006 when his father suffered a stroke and both of his parents suffered from dementia and other medical problems. At that time, Jeff began an i...
Law Offices of John L. Laster
John Laster is a lawyer licensed to practice in Virginia, Maryland and the District of Columbia. He limits his practice to wealth transfer planning, trusts, wills, powers of attorney, health care decision-making issues, estate administration and related tax, elder law and disability concerns. Listed in The Best Lawyers...
Ron M. Landsman, P.A.
Ron M. Landsman has been practicing elder law since 1983, before it was known as elder law, originally with Landsman and Laster, Washington, D.C., then Landsman, Eakes and Laster, also in Arlington, VA, and since 1990 in his own practice in Montgomery County, Maryland. He has been among the most active members of the...