As States Expand Medicaid, Unpaid Hospital Bills Disappear
ByWith more states expanding Medicaid coverage under the Affordable Care Act, hospital operators are reporting fewer unpaid medical bills and falling charity and uncompensated care expenses.
Under the health law, states have the option to expand Medicaid at little cost to the states. And more are doing so with Montana Gov. Steve Bullock last week signing a bipartisan legislation to expand Medicaid under the health law to more than 70,000 people.
This, coupled by an improving economy, is boosting revenues for hospital companies like Community Health Systems (CYH), Tenet Healthcare THC -0.38% (THC), HCA Holdings HCA +0.66%(HCA) and Universal Health UHS -0.12% Services (UHS) that are all seeing major reductions in numbers of uninsured patients…
As States Expand Medicaid, Unpaid Hospital Bills Disappear
