Medicaid Funding – Best Sample Assignment Solution(2022)

This article covers a sample assignment solution about Medicaid Funding.

Permalink: https://customnursingassignments.com/medicaid-funding

customnursingassignments.com has the top and most qualified writers to help with any of your assignments. All you need to do is place an order with us.(Medicaid Funding)

The U.S. Department of Health and Human Services houses the Centers for Medicare and Medicaid Services. A state-administered program, Medicaid supports providing healthcare for low-income individuals and families by paying the providers directly. What are some of the challenges in utilizing Medicaid funds? What are the advantages to utilizing Medicaid funds? Reference relevant information from the required journal articles. Post should be at least 300 words

…

Solution

Medicaid Funding

Medicaid is a program that provides financial health solutions to an enormous number of individuals who are financially incapacitated to finance their health insurance policies. The program has become more complicated since policymakers often use it to address various policy objectives, leading to structural tensions. Nonetheless, despite frequent alterations and challenges, Medicaid has benefited millions of low-income persons across the United States.

As you continue, customnursingassignments.com has the top and most qualified writers to help with any of your assignments. All you need to do is place an order with us. (Medicaid Funding)

Thus, receiving support from the general public, governments – both the state and the governments, and the academic sector. Essentially, Medicaid Health Insurance Program is, despite its shortcomings and encounters, productive to the United States citizens.

Challenges in Utilizing Medicaid Funds

Although Medicaid has successfully provided health insurance for needy persons in the U.S., it still has multiple financial management challenges. Some of these challenges include improper payments. Improper payments encompass expenditures done for persons not eligible for the program or services not delivered. Reports from the U.S. Government Accountability Office (2020) indicate that such expenses constituted 9.8% of Medicaid spending in the fiscal year 2018, which is an equivalent of 36.2 billion U.S. Dollars.

In addition to that, the ever-increasing trends in Medicaid’s total spending by eligibility group, too, has become a challenge to its fund’s management. This transformation is a consequence of the aging population, the expansion of state programs where demand for improved oversight programs is made, and increased enrollment expenditures.

As you continue, customnursingassignments.com has the top and most qualified writers to help with any of your assignments. All you need to do is place an order with us. (Medicaid Funding)

Advantages in Utilizing Medicaid Funds

Proper spending of Medicaid funds has lots of benefits not only to individuals and society but also to the Federal government and state governments at large. This is exhibited in Rudowitz, Hinton, and Antonisse’s (2019) article on Medicaid enrolment and spending growth as of the fiscal year 2019/20. Benefits the authors mention include an increase in a variety of state priorities, in which many areas for spending are expanded.

Through proper utilization of Medicaid funds, beneficiaries are well attended to in large numbers and adequately by offering comprehensive life insurance plans. This way, Medicaid thoroughly performs fundamental obligations of catering for the less fortunate in society.   

References

Rudowitz, R., Hinton, E., & Antonisse, L. (2018). Medicaid enrollment & spending growth: Fy 2019 & 2010. San Francisco: Henry J. Kaiser Family Foundation. Retrieved from: https://www.kff.org/medicaid/issue-brief/medicaid-enrollment-spending-growth-fy-2019-2020/.

U.S. Government Accountability Office. (2019, March 13). Key issues: Medicaid – High risk issue. U.S. Government Accountability Office (U.S. GAO). https://www.gao.gov/key_issues/medicaid_financing_access_integrity/issue_summary

Question

Medicaid

The U.S. Department of Health and Human Services houses the Centers for Medicare and Medicaid Services. A state-administered program, Medicaid supports providing healthcare for low-income individuals and families by paying the providers directly. What are some of the challenges in utilizing Medicaid funds? What are the advantages to utilizing Medicaid funds? Reference relevant information from the required journal articles. Post should be at least 300 words

Read More: