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South Carolina Medicaid Agency Plans 2-7% Rate Cuts for July

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South Carolina's Medicaid agency announced Monday it plans to cut reimbursement rates paid to physicians, dentists and other medical providers, according to a Bloomberg Businessweek report.

The expected 2-7 percent cuts will occur next month, following 3 percent across-the-board cuts in April. According to the report, the April cuts are expected to save $38.6 million in 2011 and 2012; the additional cuts should save an extra $52.5 million.

The Medicaid agency also plans to increase patients' per-visit contributions by $1, making the total $3.30, the maximum co-pay allowed by federal law. The state also plans to save money by decreasing the number of Caesarean sections performed. South Carolina predicts the combined cost-cutting measures will save $125 million in the fiscal year starting July 1.

Read the Bloomberg Businessweek report on South Carolina Medicaid.

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