Four things to know about the law:
1. Washington Gov. Jay Inslee, a Democratic presidential hopeful, signed the bill May 13.
2. Under the bill, the state will launch Cascade Care. Washington will contract with private health insurers to administer the plan, but still control the terms to manage costs, according to NPR.
3. The state-sponsored plan will be available on Washington’s health insurance exchange beginning in 2021.
4. In an effort to keep deductibles and premiums low, the state will cap provider and facility reimbursement rates at 160 percent of Medicare.
More articles on payers:
Judge steps down from UnitedHealth case over ‘immoral’ denial of cancer treatment
House Democrats unveil Medicare expansion plan: 8 things to know
Humana posts $566M profit in Q1
At the Becker's 5th Annual Fall Payer Issues Roundtable, taking place November 17–19 in Chicago, payer executives and healthcare leaders will come together to discuss value-based care, regulatory changes, cost management strategies and innovations shaping the future of payer-provider collaboration. Apply for complimentary registration now.
