Virginia Business Leaders Release Principles for a Medicaid Private Option for Virginia

Virginia Business Leaders Release Principles for a Medicaid Private Option for Virginia

On February 24, the Chamber’s President & CEO Bryan Stephens was joined by other Hampton Roads Chamber leadership at a press conference hosted by the Virginia Chamber of Commerce in Richmond, to endorse a private option approach and released a series of principles to address Medicaid in Virginia.  Business leaders and Chambers of Commerce from across the Commonwealth participated as well.

Read press release.

Highlights of the free-market based reforms that businesses are urging the General Assembly to consider include:

 

- Total privatization of Medicaid expansion in VA;

- Requirement that the Commonwealth achieve sufficient savings to offset the state’s share of contributions for the private option;

- Requirement that enrollees must be employed or actively seeking employment;

- Encourage a market-oriented approach for new enrollees to control their use of health care services and maintain healthy behaviors, including cost sharing;

- Financial incentives to encourage healthy behaviors, including health savings accounts;

-Require an audit of the Medicaid program and a renewal of the private option plan every 4 years;

- Language that the private option plan would terminate if the federal government fails to meet their financial obligations under the ACA;

- Support wellness and preventative services;

- Require annual performance reviews;

- Expand fraud and abuse prevention measures to control costs.

 

 

 

 

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