MCOs get another HUGE raise
MCO if I recall correctly are the Managed Care Organizations. Those privateers who are taking a big chunk of Iowa's medicaid $$$$ from the patients whose care they then cut back.
It is ridiculous - they have yet to show the savings of so much as a nickel while pocketing big big bucks.
Motherfuckers.
https://www.radioiowa.com/2018/08/24/state-agrees-to-pay-private-firms-7-5-percent-more-to-manage-medicaid/
State officials have agreed on a 7.5 percent boost in the state and federal governments’ payments to the private companies managing Iowa’s Medicaid system.
More than 680,000 poor, disabled and elderly Iowans are enrolled in Medicaid. Governor Reynolds’ administration has been in lengthy negotiations with the two companies managing care for those Iowa Medicaid patients. The new contracts call for more than $100 million in additional state spending.
Fred Hubbell, the Democratic Party’s nominee for governor, says Iowa taxpayers are paying hundreds of millions more than promised when the state switched to private management of Medicaid. Hubbell says on day one as governor, he’ll “reverse the Medicaid nightmare” that has forced providers to close because of payment delays and patients to be denied “much needed care.”
Heard this on IPR news coming home. They do not have a story up yet. The Federal government is throwing a big chunk to theMCOs also. Hardly surprising considering Dear Leader is trying to kill Medicaid.
I am not sure anybody even knows how much the MCOs are getting. Something in the neighborhood of 20% of a $5 billion annual expenditure I would guess now. That is $1 billion a year.
Back when the state did it I believe the overhead was @3% ($150 million) and it ran well and did a good job for the customers.
You and I both know the money will come from patient services. More will die or suffer needlessly.
Fucking Reynolds has to go!
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