Ge Bai, an associate professor of accounting at Johns Hopkins Carey Business School said, "For the past 15 years, the financial disparity across hospitals (has been) expanding. So the richer ones become richer, and the poorer ones become poorer. This gap is not sustainable"
As of now, Medicaid serves approximately 74 million people in the U.S., making it the largest source of funding for medical and health-related services for low-income individuals.
The Patient Protection and Affordable Care Act (PPACA), also known as the Affordable Care Act or Obamacare, was signed into law by President Obama in 2010. The act expanded Medicaid eligibility and cut the uninsured population in half by 2016.
In a time of economic instability, Chicago Safety Net Hospitals are an integral economic engine in the City, employing more than 15,000 people and driving more than $1.5 billion in economic stimulus in these communities.
California has the highest number of Medicaid-enrolled individuals with 12,668,401. California has a total of 13,959,148 individuals in Medicaid and Children’s Health Insurance Programs (CHIP), an almost 50% increase since the first Marketplace Open Enrollment Period in October 2013. New York, Texas, Florida, and Illinois also have large numbers of Medicaid-enrolled individuals.
Almost all states have expanded Medicaid coverage at the state level. The only ones who have not are Texas, Florida, Georgia, North Carolina, Tennessee, Wisconsin, South Carolina, Alabama, Mississippi, Kansas, South Dakota, and Wyoming.
Safety Net Hospitals are on the verge of closure and will not be open during the next pandemic.
Life's Moments