Wyoming Liberty Group
Ever since Obamacare took effect, hospitals have lobbied states incessantly to pass its Medicaid expansion provision. But new research suggests that Medicaid expansion won’t help hospitals and may even harm them.
After seeing Wyoming’s Hospital Association fight tooth and nail for Obamacare’s Medicaid expansion, you’d think Medicaid expansion left hospitals in other states flush with cash. The reality is that Medicaid expansion has significantly cut hospital compensation, resulting in longer wait times and less services for the very patients it’s intended to help.
Medicaid’s allies are gearing up their expansion drive for the 2016 budget session. As usual, they’re trying to convince Wyomingites that they will save big if government spends more of their money. We’ve heard this story before.
For most of us, our healthcare is paid for by someone else; either our employer or a government entitlement program. When someone else is paying, why bother shopping around for the best price? Now an innovative new company has found a way to make patients cost-conscious and lower prices.
Since World War II, employer-sponsored insurance has remained an untaxed benefit. Companies began offering health insurance to attract workers after the Roosevelt Administration imposed wage freezes. These benefits became so popular that large employers successfully lobbied the IRS to exempt health coverage from taxation in 1943. This allowed businesses to compensate workers through untaxed benefits. And workers enjoy untaxed compensation in the form of health insurance.