Virginia Regulatory Town Hall
Agency
Department of Medical Assistance Services
 
Board
Board of Medical Assistance Services
 
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7/7/23  10:57 pm
Commenter: Anonymous

Economic Externalities and Long-Term Cost Burden
 

One of the overarching concerns regarding the proposed changes lies in the potential economic externalities and long-term cost burden they may generate. Maintaining an offensively low hourly rate for care attendants perpetuates the undervaluation of caregiving professions and exacerbates workforce shortages. This, in turn, results in increased turnover, fragmented care continuity, and diminished quality of services. The economic implications extend beyond the immediate ramifications on patient care to the broader healthcare system. The subsequent strain on public services and increased reliance on costlier alternatives, such as hospitalizations or institutional care, engender long-term financial burdens. Failing to recognize the long-term cost-saving potential of adequately compensating skilled caregivers disregards the healthcare system's overall economic efficiency and sustainability, perpetuating a cycle of escalating expenses and suboptimal outcomes.

CommentID: 217830