Without the extra funding, an enhanced federal medical assistance percentage for beleaguered state Medicaid programs will expire in December. The new bill would extend the FMAP enhancement for six more months but reduce the amount to 3.2 percent in the first quarter of 2011 and 1.2 percent for the second.
Read the Politico report on Medicaid.
Read other Becker’s coverage on Medicaid:
– Senate Set to Approve $16 Billion in Medicaid Funds for States
– Senate Considering Medicaid Extension to Avert State Funding Reductions
– Big Medicaid Cuts Possible Next Year, With Federal Support Due to End
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.