Washington could lose up to $110 billion in health care funding under Graham-Cassidy plan
Reports are rolling in on the latest Republican efforts to repeal the Affordable Care Act and Washington state stands to lose between $5.3 billion and $10 billion between 2020 and 2026, according to two analyses.
That loss could go up to $110 billion by 2036, according to a study released by Avalere, which Gov. Jay Inslee and Insurance Commissioner Mike Kreidler cited in a Wednesday letter urging the Washington state congressional delegation to reject the proposal.
"In many ways, this effort is more damaging than earlier proposals," Kreidler and Inslee wrote. "It decimates Medicaid, seriously diminishes coverage, and exposes people with pre-existing conditions to huge premium increases."
Dubbed the Graham-Cassidy bill, it would use federal block grants to redirect funding for states like Washington that expanded Medicaid programs under the ACA to states that did not, replacing the federal money currently being spent on Medicaid expansion and on subsidies to help people afford insurance in 2020.
Expansion states would lose $180 billion and nonexpansion states gain $73 billion over the period 2020-2026, according to a Kaiser Family Foundation analysis.
https://www.bizjournals.com/seattle/news/2017/09/22/washington-graham-cassidy-plan-health-care-funding.html?ana=e_du_prem&s=article_du&ed=2017-09-22&u=ColXVN5SPzQtLHFP87ho2w07857290&t=1506136179&j=78869671
