According to a government report released by the U.S. Department of Health and Human Services on March 23, 2015, the expansion of healthcare to millions of Americans through the Affordable Care Act brought hospitals’ costs of caring for uninsured individuals down an estimated $7.4 billion dollars in 2014.
Reuters reports that hospitals’ uncompensated care costs were approximately $27.3 billion in 2014, which is a lot, but low in comparison to the estimate that it would have been $34.7 billion had the U.S. uninsured rate stayed at its 2013 level.
While all states saw a reduction, the bulk of reductions were in Washington D.C. and 28 additional states that have expanded Medicaid for poor populations.
In addition to the cost savings for hospitals, charity care costs were also reduced nationwide.
With more than 16.4 million Americans acquiring health coverage as a result of the Affordable Care Act, hospitals’ uncompensated care costs may be falling, but the need for staffing quality healthcare professionals to meet patient needs has risen.
In addition to covering for EHR/EMR conversions, job actions, and other short-term staffing needs, Medical Solutions offers quality Travelers who can meet your staffing needs associated with the patient boom related to the ACA.
Click here to learn more about how we can serve your facility and keep you at the forefront of patient care in a rapidly changing healthcare environment.