RICHMOND, Va. (AP) — A new study of Virginia’s Medicaid program has identified ways to cut millions of dollars out of the yearly budget.
Media outlets report that the Joint Legislative Audit and Review Commission, a watchdog group, released its report Monday.
Among JLARC’s dozens of recommendations are for leaders to consider a tighter cap on profits for insurance companies that manage care for most people in the Medicaid program.
It also suggests that the state Medicaid program increase its oversight of inefficient spending by managed-care companies — estimated at $17 million to $36 million last year compared with other states — and improve its forecasting of costs in selling rates that insurers charge on a monthly per-capita basis to manage care.
Lawmakers will review these proposals and consider bills heading into the legislative session in January.
Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.