NJ Gov. Christie sets aside $10M for medical school in budget

New Jersey Gov. Chris Christie (R) recently revealed his state budget, which has a number of implications on the New Jersey healthcare system, according to NorthJersey.com.

One part of his plan outlines a $10 million grant for the proposed medical school created by Hackensack (N.J.) University Health System and South Orange, N.J.-based Seton Hall University.

In addition, his plan includes increasing funds for graduate medical education by $61 million. Gov. Christie did not specify the exact manner in which these funds will be used.

On the flip side, Gov. Christie also plans to cut New Jersey's charity care allocation by $75 million, primarily due to the decrease in uninsured individuals since the state expanded Medicaid. If this proposal goes through, hospitals' charity care spending will decrease by 30 percent.

Nonetheless, Gov. Christie's budget will still contain funds for increased Medicaid reimbursement for primary and specialty care physician services.

More articles on healthcare finance:
Fitch revises Marshall Medical Center's outlook to positive
S&P revises Hamilton Health Care System's outlook to positive
Wyoming lawmakers sign off on $20k alternative Medicaid expansion plan

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.


Featured Webinars

Featured Whitepapers