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Advocates of expanding Medicaid in Colorado hoped that with more people being covered, hospital prices and premiums would decrease. Instead, hospital costs increased by over 60% in nine years.
Their strategy was “by increasing Medicaid payment and reducing Colorado’s uninsured rate, hospitals would no longer need to shift as much of their costs to individuals with private insurance, thereby bringing their rates down.”
However, hospitals defend their higher costs due to the rise in the cost of living and finding workers. They also say that these expenses are put on commercial insurance plans because people who pay using government benefits like Medicare and Medicaid pay less than the cost of services.READ MORE