Moody’s: Hospitals face heavy risk without Medicaid expansion
In a recent industry report, Moody’s Investor Services confirmed what many nonprofit hospital executives feared after the Supreme Court’s ruling on the Affordable Care Act — more financial risk is on the table, as states are able to opt out of the Medicaid expansion.
The expansion would have offset some of the reimbursement cuts slated for the Medicaid and Medicare programs by adding to the number of newly insured patients created by the act. In the Moody’s report, the court’s decision to limit the expansion blunts one of the ways the law would be credit-positive for hospitals. (Caliendo, NJBIZ)
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