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Financing for Massachusetts Preserves Health Plan




By EmploymentCrossing

 
The state of Massachusetts will continue with its experimental universal healthcare plan, now that the federal government has agreed to finance a three-year continuation.
 
Governor Deval Patrick said the state and the federal Centers for Medicare and Medicaid Services negotiated the extension of a waiver that enables federal financial support for the state’s subsidized coverage plan. The agreement will allow the state to spend up to $21.2 billion on the program over the next three years, an increase of $4.3 billion over the initial three-year period.
 
“This is an exceptional outcome under any circumstances, but especially now,” Patrick told the New York Times. “The American economy is in turmoil and the future is uncertain, but even in tough times we cannot afford to abandon our commitment to affordable, accessible, high-quality healthcare for every man, woman, and child in the commonwealth.”
 
To reach its goal of covering everyone who needs healthcare, the state offers subsidies to anyone earning less than three times the federal poverty level, meaning less than $63,600 for a family of four. The Medicaid waiver allows the state to provide financial assistance to families at that level, which is significantly higher than the eligibility cutoff allowed for most states.
 
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