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HCPF outlines Medicaid sustainability strategy, urges approval of ACC 3.0 to avoid deep benefit cuts
Summary
The Department of Health Care Policy and Financing presented a Medicaid sustainability plan emphasizing six strategic imperatives, a recommendation to fund Accountable Care Collaborative Phase 3 and options to control Medicaid trend including targeted rate changes, eligibility adjustments and continuous coverage for young children.
The Colorado Department of Health Care Policy and Financing (HCPF) told the Joint Budget Committee on Monday that a multiyear mismatch between Medicaid cost trends and revenue drivers requires a strategic approach to avoid “draconian” cuts to member benefits in future years.
Executive Director Bimstaffer (executive director, Health Care Policy and Financing) opened the presentation with a six‑point outline the department calls its Medicaid sustainability plan: control controllable cost drivers; maximize federal dollars; support cross‑sector policies that improve economic and health outcomes; make prudent benefit and rate adjustments; pause or reassess new policies that are not yet implemented; and exercise caution in new Medicaid policy design. “This is not a…
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