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Healthcare Financial News - Depressed Economy Affects States’ Healthcare Plans

Healthcare Financial News


Monday, October 27, 2008
Depressed Economy Affects States’ Healthcare Plans

A slumping economy, declining tax revenues, and turbulent financial markets are forcing many states to consider deep budget cuts. Bold new proposals--including a sweeping healthcare reform plan in California--have also fallen by the wayside, reports an article in Stateline.org, a project of the Pew Center on the States.

The article reports that, in addition to stalled healthcare reform in California, proposals to extend healthcare insurance in Illinois, Missouri, New Mexico, and Pennsylvania also failed to gain traction. Next month, legislators in New York will convene in a special session to consider whether reductions are needed in a plan to cover almost 400,000 additional children in the state’s Children’s Health Insurance Program.

Despite the bad news in many states, the article notes that modest gains in healthcare reform were achieved in such states as Maine, Iowa, Colorado, and Florida.
 

posted on 10/27/2008 8:24:24 AM (CST)  Permalink