Roughly $25 million is expected to be lost in the second half of the current calendar year, and another $25 million is expected to be reduced in the first half of calendar year 2012.
According to the filing, the Florida legislature passed a budget agreement reducing Medicaid reimbursements to hospitals in May 2011, and HCA said it is designed to “reduce coverage, enroll Medicaid recipients in managed care programs and/or impose additional taxes on hospitals to help finance or expand” the Medicaid system. While waivers may be sought in states with budget deficits, HCA still anticipated decreased reimbursement.
Read the SEC’s report on HCA.
Related Articles on HCA:
Judge to Rule in Dispute Between HCA, Hospital Foundation Over New Hampshire Hospital
HCA Reports 38% Decline in Profits for Q1
HCA Updates Bond Offering From $1B to $5B in Secure and Senior Notes
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