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Earlier this week the Massachusetts state legislature passed Governor Romney's proposal for comprehensive Medicaid and healthcare reform. This sweeping initiative seeks to extend affordable healthcare coverage to all citizens of the Commonwealth and eliminate the ranks of the uninsured. We believe this transformational plan will serve as a national model for states seeking Medicaid and healthcare reform.
Extensive news coverage of the legislative adoption of Governor Romney's program ran across the country yesterday morning in the New York Times, Washington Post, Wall Street Journal and in major metropolitan newspapers in Atlanta, Baltimore, Chicago, Indianapolis, Louisville, Los Angeles, Milwaukee, Minneapolis and Philadelphia. We have provided a copy of the New York Times article below for your information.
Here are several of the most significant aspects of the Massachusetts healthcare reform program:
- Targets coverage to the uninsured population, currently over 500,000 people
- Extends access to healthcare for individuals with income up to 300% of the Federal Poverty Level (FPL) through a sliding-scale subsidy from the Commonwealth for private sector insurance products
- Creates affordable insurance options for individuals with income in excess of 300% of the FPL
- Eliminates the distortions in the coverage pool currently driving up healthcare costs by requiring all its citizens have insurance
- Creates an "Exchange" where employers and employees can purchase insurance with pre-tax dollars
Promotes private sector solutions and a "culture of insurance"
- Contains healthcare costs and prevents individuals from needing "classic" Medicaid
- Utilizes current state spending and federal Medicaid matching funds to offset the cost of expanded coverage thereby avoiding the need for significant additional state dollars
We at Sellers Feinberg applaud the leadership in Massachusetts and are proud to have been the lead consultants to Governor Romney on this groundbreaking healthcare reform effort. Our firm is currently engaged by several states to develop large-scale reform proposals and is committed to assisting governors and states meet their Medicaid and healthcare reform objectives.
The Sellers Feinberg team encourages you to contact Martin Sellers or Peggy Handrich of the firm with any questions regarding this cutting edge initiative.