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Gov. Cooper announces plan to eliminate $4B in medical debt

antithesis

Posted 2:32 pm, 07/02/2024

The article says that the plan "has to be approved by the U.S. Centers for Medicare & Medicaid Services." So obviously, no, no hospitals have signed on yet...

DB Cooper

Posted 2:29 pm, 07/02/2024

Hospitals haven't agreed to bumpcus. I hear many of them will no longer negotiate a better deal to get paid.

antithesis

Posted 1:29 pm, 07/02/2024

Gov. Roy Cooper announced the plan Monday. He claims it could relieve $4 billion of existing medical debt with no new costs to taxpayers.

...

The plan would incentivize hospitals to wipe out certain debt in order to get more money from Medicaid. To get that extra cash, hospitals would have to relieve all medical debt deemed uncollectible dating back to Jan. 1, 2014.

It would apply to anyone not enrolled in Medicaid or to people with debt exceeding 5% of their annual income.

Hospitals would also need to relieve all medical debt for Medicaid patients and not report a patient's debt covered by these policies to a credit reporting agency.

For the plan to go into place, it has to be approved by the U.S. Centers for Medicare & Medicaid Services.

https://www.wsoctv.com/news...7U427DKAE/

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