Without the funding, hospitals have warned they will have to cut staff and facility improvement plans, and perhaps borrow money to make ends meet, according to the report.
Currently the state’s Medicaid program, MaineCare, faces a $120 million deficit.
The lion’s share of Medicaid payments, which subsidize healthcare services for low-income patients, typically falls on the federal government but requires state contributions as well. Maine must pay hospitals its portion — $186 million of the total tab — in order to receive the federal money to make up the difference.
More Articles on Medicaid:
Which States Will Boost Medicaid Physician Pay the Most in 2013?
Thinking About Merging? Considerations for Your To-Do List
Medicare, Medicaid Cuts ‘Unacceptable’ to Most American
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