Friday Five - March 17, 2017

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March 17, 2017

Happy Friday from MAXIMUS! This week in our Friday Five series, MAXIMUS is following what governors and insurance commissioners think of repealing and reforming the Affordable Care Act (ACA), and potential changes to Medicaid; exploring what health care looks like in the digital age; and, is looking to financial planners for tips to stay protected against long-term care costs. 

1. Views of Governors and Insurance Commissioners on ACA Repeal and Changes to Medicaid: Responses to a Congressional Request for State Input on Health Reform

The Kaiser Family Foundation recently published a brief that examines what both Republican and Democratic governors and insurance commissioners in 35 states are saying about health care reform. Specifically, these state and health leaders provide insight into the current repeal and replacement of the ACA and what this could mean for the future of Medicaid.   

2. How to protect yourself against long-term care costs

The thought of planning for long-term health care costs can be daunting – even for physicians. A recent study found that even among those in a position to self-fund their long-term care, financial planners are frequently asked for guidance on preparing for long-term care expenses. Ophthalmology Times reviews three ideas to help physicians manage the financial risk of long-term care – ideas that are informative to those within and outside the health care profession. 

3. What does the Republican health plan mean for your taxes?

With less than a month left to file taxes, CBS Health News analyzes how the Republican health care plan would affect tax policy if enacted. From age-based refundable tax credits to increasing the contribution limits for health savings accounts, the article examines the proposed changes and potential impacts on different tax brackets.  

4. States may be allowed to impose new Medicaid requirements

On Tuesday, Health and Human Services (HHS) Secretary Tom Price and Centers for Medicare and Medicaid Services (CMS) Administrator Seema Verma issued a letter to governors pledging to work with states on waivers that would allow them to try new approaches to Medicaid. The Wall Street Journal examines how this play by the administration could strengthen the authority states have over the programs they implement. 

5. Why Health Care Is Ripe for Digital Disruption

Amazon, AirBnB, Uber and Facebook have all disrupted markets by focusing their investing on digital platforms and using technology, data and relationships of their networks to create additional value. With more than $1 trillion wasted each year in the health care industry, Brink News contends that now is the time for startups and tech companies to explore the opportunities that exist for digital in the health care and medicine industry.