Nevada's future public health plan could save the state $1.3B, report finds

Nevada's public health plan set to launch in 2026 could save the state up to $1.3 billion in healthcare costs over the following decade, according to a state report released Sept. 23.

The report concluded that the new plan could save between $344 million and $464 million and enroll up to 92,500 people in its first five years.

Nevada passed legislation in 2021 establishing the new public option, joining only Colorado and Washington state with similar plans. The CMS application for approval is expected to be submitted in March.

The new option will not establish provider rates, but will require them to be no lower than Medicare rates. Commercial payers with value-based care arrangements and that are committed to rural care and health equity will be prioritized by the state for administering the new plan.

Eligible state residents who sign up for the plans will receive ACA premium tax credits. The plan must have premiums that are at least 5 percent lower than certain ACA plans.

The lower premiums is where the state expects to generate large savings, which are then planned to be used as premium assistance for members.


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