UNITEDHEALTH’S PLAN TO SAVE $366 BILLION AP Tom Murphy reports: insurer UnitedHealth Group Inc. said governments can ease the upcoming strain health reform will place on Medicaid systems with about $366 billion in savings over the next decade. The Minnetonka, Minn., insurer’s Center for Health Reform and Modernization on Thursday identified three main areas for potential savings for the state federally funded Medicaid programs, which provide health coverage to low income families with children and the disabled. The report projects savings of about $140 billion through improved support of people with long term care needs. This would include using programs that help people stay longer in their homes instead of moving to a nursing home and better coordination between Medicaid and Medicare. Projected savings also include $133 billion from modernizing Medicaid’s administrative processes. That can include encouraging electronic claims submissions and using new health information technology systems The report estimates the states’ share of the total potential savings at around $149 billion and said some savings could be used to boost payments to primary care doctors, easing a potential shortage there.
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