Pros And Cons Of Cutting Medicaid Costs

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Abstract This paper discusses different pros and cons of cutting Medicaid costs and how Medicaid recipients are affected such as: Cutting reimbursement to health care providers, reducing fraud and abuse, imposing copays, implementing pharmaceutical caps, cutting benefits to Medicaid recipients, and implementing more preventative care measures. Even though cutting costs in all these areas will save the state money, they also cost the state a significant amount of money and cause a lot of controversy. No matter where the cuts are made, recipients will be affected. State legislatures have been trying to fix these issues with the Medicaid budgets each year, and they will continue to have to work to fix these problems. There is no easy way to…show more content…
Lawmakers should focus their efforts on fixing the Medicaid program with a proven pro-patent, pro-taxpayer solution to make the program work (Author Unknown, 2014). More Medicaid funding would significantly benefit all Arkansas recipients by providing better access for preventative health care which in turn would decrease costs to the state. However, the state taxpayer is responsible for all costs which exceed Private Option Caps. Any amounts over these caps must be repaid to the federal government from state tax…show more content…
The limits vary across the country. Arkansas adults are limited to up to six drugs a month. However, prescriptions for nursing home residents are not subject to a monthly prescription limit, but the drug product must be covered under the Arkansas Medicaid Pharmacy Program. Most agree that having any free prescriptions monthly can be beneficial to all Medicaid recipients because it saves on out of pocket expenses, which most cannot afford. Although after the recipient has received the maximum monthly benefit, he/she will be responsible for paying for his/her own medications for the remainder of the month. Prescription drugs can often be the answer for life-threatening conditions including high blood pressure, high cholesterol, or even cancer. These drugs help stimulate and mimic a well-functioning body, so there are a number of people whose lives are saved daily because of prescription drugs. Without these drugs, they would have a lower quality of life and even risk

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