The state’s Medicaid program canceled the planned payment cut due to lower-than-expected use among enrollees and a prescription-drug rebate, according to the report. Thanks to that combination, the Medicaid program is able to keep existing payment rates.
Here are four things to know about the proposed cuts.
1. The cuts were proposed earlier this year as part of the state budget, and were projected to save the state $37 million.
2. The cuts were scheduled to begin July 1.
3. Hospitals, physicians and other healthcare entities have opposed the cuts, according to the report. Some providers argued that patients could be turned away, while health providers said that they would lose millions of dollars in federal matching funds if the proposed cuts took effect, the report reads.
4. The proposed cuts would not have affected community health centers.
More articles on healthcare finance:
Fitch upgrades Children’s National Medical Center’s outstanding debt: 4 things to know
Moody’s revises Ochsner Clinic Foundation’s outlook to positive
Fitch revises Ochsner Clinic Foundation’s outlook to positive: 3 things to know
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
