Financial Management in Nursing Practice
After reading Chapter 2 of the textbook and the Sommers article, write a 750- to 1100-word paper (3 to 4 pages) to respond to questions below.
According to Penner:
The federal government currently funds about 57% of the costs of Medicaid. The ACA has encouraged the expansion of Medicaid eligibility, with the federal government paying 90% to 100% of these new costs over future years (Kaiser Commission on Medicaid and the Uninsured [KCMU], 2013). (p. 53)
Consider the financial implications of the changes in healthcare utilization with the expansion of Medicaid outlined in the article. What are the positive and negative financial impacts/risks to: (1) the state, (2) the healthcare providers, (3) the individual patients? Do the positive financial impacts/risks outweigh the negative financial impacts/risks? Why or why not?
Support your paper with at least two additional outside references.
Sommers Article attached below, I have e-book access for the course textbook so I am able to provide information. Please do not hesitate to reach out if you have any questions or concerns