Hawaii proposes increased funds for Medicaid to bring in $42M more annually, match Medicare

The governor of Hawaii is proposing additional state funding that would result in $42 million annually of increased Medicaid reimbursement.

Advertisement

By implementing $25 million in fiscal year 2024 and a further $20 million in fiscal year 2025, such proposals would increase the Medicaid reimbursement rates up to 100 percent of Medicare, Gov. Josh Green, MD, said.

“These state funds will bring in an additional $42 million in federal funds in each fiscal year and ensure access to high quality healthcare for our Medicaid population,” he said.

Other healthcare proposals in the governor’s statement included approximately $30 million to go toward various mental health programs in Hawaii.

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Download Whitepaper

The cost-saving opportunity most health systems overlook

Many hospitals and health systems scrutinize staffing, service lines, and payer contracts for savings. Fewer look at one of their largest assets: real estate.…

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.