Medicaid expansion positive for Va. hospitals credit ratings

A national bond rating agency predicts Virginia’s hospitals and health systems will receive a boost to their bottom lines when the state expands its Medicaid program on Jan. 1.S&P Global Ratings said Monday that the impending expansion of health coverage for up to 400,000 uninsured Virginians will be “credit positive” for state hospitals by generally reducing the level of uncompensated and charity care they provide to people with no means to pay.