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Showing posts from May, 2022

Americans are more stressed about money than ever, and it’s hurting our mental health

Americans are more stressed about money than they’ve ever been, according to the American Psychological Association’s latest Stress In America Survey . “Eighty-seven percent of Americans said that inflation and the rising costs of everyday goods is what’s driving their stress,” said Vaile Wright, senior director of health care innovation at the American Psychological Association. More than 40% of U.S. adults say money is negatively impacting their mental health, according to Bankrate’s April 2022 Money and Mental Health report . “I was in debt off and on all of my 20s and early 30s,” Tawnya Schultz, founder of The Money Life Coach, told CNBC. “I was in this debt cycle of trying to get out of debt, paying off debt, getting back into it. And I was just tired of feeling like I could never get out of it or feeling like I was always going to have debt.” Some Americans lack hope they will ever have enough money to retire, with roughly 40% saying their ability to be financially secure in reti...

Next Generation of Ohio Medicaid Managed Care

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In 2019, the Ohio Department of Medicaid (ODM) launched the Medicaid Managed Care Procurement process with a bold, new vision for Ohio’s Medicaid program – one that focuses on people and not just the business of managed care. This is the first structural change since Centers for Medicare & Medicaid Services’ (CMS) approval of Ohio’s program in 2005.   With the projected implementation of Ohio Medicaid’s next generation of managed care on July 1, 2022, ODM intends to put the individual at the center of focus and improve the design, delivery, and timeliness of care coordination. This effort depends on the collective implementation of several strategic initiatives, including: Ohio Medicaid Managed Care Procurement OhioRISE (Resilience through Integrated Systems and Excellence) Single Pharmacy Benefit Manager Fiscal Intermediary (FI) Provider Network Management (PNM) Module & Centralized Credentialing Learn more about the new next generation program timeline on the Managed Care...

Changes coming to Ohio Medicaid will require participants to actively pick a plan each year

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If you are one of the roughly one in four Ohioans who get their health coverage through the state’s Medicaid program there are changes coming your way this year that will require you to play an active role in selecting your coverage each year from here on out. The “Next Generation” overhaul set to launch in July gets rid of the automatic re-enrollment and has been three years in the making. It is designed to improve efficiencies in the system and administrative cost savings while getting Ohio’s roughly 3 million Medicaid users more involved in their own healthcare choices which can lead to healthier outcomes. If you don’t select a plan, you’ll still have coverage — it’s just an algorithm will be used to do it for you. If you are one of the roughly 1 in 4 Ohioans who get their health coverage through the state’s Medicaid program, there are changes coming your way this year that will require you to play an active role in selecting your coverage each year from here on out. If you give a c...