Financial Exercise 1
After reading Chapter 2 of the textbook including the Speer et al. and Sommers articles, write a 750- to 1100-word paper (3 to 4 pages) to respond to questions below.
According to Penner:
The federal government currently funds about 57% of the costs of Medicaid. The ACA has encouraged the expansion of Medicaid eligibility, with the federal government paying 90% to 100% of these new costs over future years (Kaiser Commission on Medicaid and the Uninsured [KCMU], 2013). (p. 53)
Consider the discussion about excess costs in the healthcare system discussed by Speer et al. Consider Sommers’s discussion about the financial implications of the changes in healthcare utilization and cost with the expansion of Medicaid outlined in the article. What are the positive and negative healthcare cost and utilization impacts related to the regulatory expansion of Medicaid to: (1) the state, (2) the healthcare providers, (3) the individual patients? Do the positive financial impacts/risks outweigh the negative financial impacts/risks? Why or why not? [MO 2.2]
Support your paper with at least two additional outside references. A grading rubric for each of the financial exercises can be found in the Evaluation Rubrics folder in Moodle.
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References
Sommers, B. D., Maylone, B., Blendon, R. J., Orav, E. J., & Epstein, A. M. (2017). Three-year impacts of the Affordable Care Act: Improved medical care and health among low-income adults. Health Affairs, 36(6 ), 1119–1128.
Speer, M., McCullough, J., Fielding, J.E., Faustino, E. & Teutsch, S.M. (2020). Excess Medical Care Spending: The Categories, Magnitude, and Opportunity Costs of Wasteful Spending in the United States. American Journal of Public Health. Vol. 110 Issue 12, p1743-1748.
Penner, S. J. (2017). Economics and financial management for nurses and nurse leaders (3rd ed.). New York, NY: Springer Publishing Company.
Two addtional required
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