News Headlines Article

Healthcare Reform Brings Expansion to Drug & Alcohol Treatment Industry
Insurance Journal

January 1 marked the beginning of an expansion of healthcare coverage for drug and alcohol addiction treatment under the Affordable Care Act (ACA). This expansion is leading to a growth in the rehabilitation facilities market but what that growth looks like has yet to be determined, according to one industry expert. “Although the recession negatively affected industry revenue and wages, rehabilitation clinics have largely recovered, despite a slight dip in 2012 resulting from a drop in federal funding of Medicare and Medicaid, due to a rise in premiums,” according to a recent report by IBISWorld titled “Drug & Alcohol Rehabilitation Clinics in the U.S.: Market Research Report.”