The $859 million reduction in federal funds is necessary to fund a bill that will support restoration to the roads and coastline of five Gulf States. Congress demanded a cut of $651 million in Medicaid assistance to Louisiana and an increase in the amount the state has to put up to qualify for federal funds. That increased the $651 million to $859 million.
Louisiana Gov. Bobby Jindal signed the state budget into law July 1, which included $651 million in federal Medicaid assistance. That figure represents $425 million in fiscal year 2013 and $226 million in fiscal year 2014. The additional $208 million demanded by Congress was not in the budget, forcing state officials to make additional reductions.
The cut is likely to hit hospitals and clinics within the Baton Rouge-based LSU Health Care Services Division the hardest, according to the report, since those providers treat large numbers of indigent and uninsured patients.
More Articles on Hospitals and Medicaid:
Florida, Wisconsin, Louisiana, Other States May Refuse Medicaid Expansion Under PPACA
9 Recent Medicare, Medicaid Issues
PPACA Upheld: 8 Issues Hospitals Should Keep in Mind Moving Forward
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
