Florida Hospitals Losing $287M in Medicaid Funding in New State Budget

Tags: budget | Florida | hospitals | Medicaid funding

Florida hospitals will lose $287.3 million in Medicaid funding as part of a new state budget passed by the legislature and sent to Gov. Charlie Crist to sign, according to a report by the Orlando Business Journal.

Hospitals will have to deal with the 7 percent rate cut, going into effect in July, at a time when statewide Medicaid patient volume has risen by 300,000 a year.

Read the Orlando Business Journal's report on Medicaid funding.

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