Hospitals and health systems in New Jersey have already absorbed nearly $1.5 billion in funding cuts since the Affordable Care Act was enacted in 2010, with the promise of expanded healthcare coverage to mitigate these losses. As the 115th Congress advances legislation to repeal major provisions of the ACA, healthcare providers are concerned the cuts will remain despite the coverage of 796,291 state residents being jeopardized.
Individual hospitals have experienced funding cuts as high as $74 million from 2010 to 2017, according to modeling performed by the New Jersey Hospital Association.
Hospitals aren’t the only providers affected by these cuts; New Jersey’s post-acute facilities have seen more than $430 million cut from their funding, according to NJHA.
NJHA’s modeling also showed the cuts yet to come if Congress and the new Administration do not pass an appropriate replacement plan. New Jersey hospitals will see added cuts totaling $1.1 billion through 2019, while post-acute care providers will sustain another $325 million in cuts.