The 4-month-old federal health reform law could result in hundreds of millions of dollars in savings for Maryland, cutting the number of that state's uninsured by half and helping change how care is delivered, according to a new report released by a state-appointed task force.
Md. may save $829 million under reform
Under the reform package, Maryland expects to see roughly $829 million in savings from 2011 through 2020, though various factors could ultimately change that total. But in 2020, the state is projected to spend $46 million more on healthcare than it would have absent the health reform law, according to the Health Care Reform Coordinating Council.
Gov. Martin O'Malley created the council to help bridge the thousands of changes dictated at the federal level with Maryland's own healthcare rules and regulations. Often at the forefront of health reform, the state already has expanded its Medicaid program, runs a high-risk insurance pool and created a pool of incentives for employers.
“In some areas, federal healthcare reform presents a logical extension of these and other initiatives, while in other cases, federal mandates may require rethinking existing efforts,” the report states.
Melding with current state efforts, the new health reform law is projected to cut Maryland's number of uninsured in half, from 14% to 6.7%. Both private insurers and Medicare and Medicaid are also expected to see a bump in enrollment.
Send us a letter
Have an opinion about this story? Click here to submit a Letter to the Editor, and we may publish it in print.