Much of the funding for the Affordable Care Act comes from sources that are currently being used to fund other medical expenses. The current board working on implementation of the ACA has begun to try and move the money from one program to the ACA. This is not a simple task as reported in the Washington Post on November 18, 2012. The board must figure out how to transfer some $36 billion from a fund that pays hospitals that accept uninsured patients to the Medicaid and subsidised portions of the state exchange program. The $36 billion would have been distributed to hospitals between 2014 and 2019.
This is not simple for the fact the board must figure out who will still receive funds and who will be cut first. Remember the penalties for not obtaining insurance are very small the first few years and the law does nothing to address illegal immigration, so hospitals will still be faced with people coming threw their doors with no ability to pay. We will see how this affects our local hospitals.
If you have any questions on this information or would like to get more information on health insurance or life insurance please contact Lisa Boyajian or Angela Gambino at (714)680-5900 or find us on the web at www.ansainsuranceservices.com .
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