Washington, DC, April 28, 2011 The American Association for Clinical Chemistry (AACC) announces a webinar What Medicaid Expansion Means for Clinical Laboratories to be held on Wednesday, June 1, 2011 at 2:00 pm Eastern. The webinar will last 90 minutes.
One of the big winners in the 2010 health care reform debate was Medicaid, already the largest health insurer in the country. In the past, Medicaid primarily covered low income children under 18, their parents, and the disabled. However, starting in 2014, all individuals with incomes up to 133 percent of the federal poverty level will be eligible for the program. As a result, Medicaid will grow by another 17 million individuals over the next decade to bring its total number of beneficiaries to 77 million. Although the federal government will initially pay 100 percent of the costs for this expansion, it will gradually reduce its subsidy to 90 percent leaving states to make up the shortfall. Many states assert they do not have the money to pay for expansion and will need to constrain health costs further to pay for it. Some states, including Texas and Florida, are considering moving Medicaid beneficiaries into managed care plans as a means of containing costs, while others may reduce their fee for service payments. Each of these scenarios could have serious financial implications for clinical laboratories.
Currently, Medicaid often underpays clinical laboratory services as one way of saving money. Now, with many states also looking at options to reduce Medicaid costs, what are the financial implications for the clinical laboratory? What strategies can labs employ to manage these changes better and survive? An expert panel consisting of Rodney W. Forsman, Emeritus Assistant Professor of Laboratory Medicine & Pathology, at the Mayo Clinic, and Charles Root, PhD, CEO, CodeMap, Chicago, IL, will discuss what the forthcoming Medicaid changes mean for the clinical laboratory and what needs to be done to succeed in this uncertain, but competitive, market.
AACC invites journalists reporting on the clinical laboratory or health care reform to attend this timely and topical webinar. For a complimentary registration, complete and return a Press Registration Form. For more information about the webinar or AACC, contact Peter Patterson on either of the above phone numbers or at email@example.com.