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Healthcare reform bad prescription for rural hospitals, officials say
A year after President Obama's Affordable Care Act was signed into law, some healthcare officials in Louisiana are worried that the state's rural hospital system can't afford it.
Last month, Louisiana became the ninth state in the union to ask for a waiver from the Affordable Care Act, often called "Obamacare."
The healthcare law, which was signed by the president in March 2010, is projected to more than double Medicaid roles in Louisiana, costing the state in excess of $7 billion over the next 10 years, according to a new study by the Louisiana Department of Health and Hospitals.
Louisiana is hoping to be granted a waiver from the law's medical-loss-ratio (MLR) regulations.
In accordance with the Affordable Care Act, insurers in individual and small group markets must have an 80 percent MLR, meaning that 80 percent of premiums are spent on medical care, leaving 20 percent for things like salaries, advertising and fraud prevention. Many heath insurance companies that operate in the state spend more than 20 percent on costs not directly related to medical care, according to officials.For the full story, subscribe to the The Franklin Sun's NEW E-Edition! |
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