Word: medicaid
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...enjoy the broad margins they will have in the new session that begins in January. Yet there are high-stakes issues that can't wait. This week Congress will try to approve a bridge loan for the auto industry and a stimulus package that includes unemployment benefits, Medicaid help for the states and some assistance for small businesses. House Banking Committee chairman Barney Frank will call on Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson for a roasting on how the $700 billion bailout - passed at the height of the crisis - has been spent...
...survey, called the Hospital Consumer Assessment of Healthcare Providers and Systems (HCAHPS), was created by a public-private partnership including the Centers for Medicare and Medicaid Services and the federal government's Agency for Healthcare Research and Quality. It was conducted in about 60% of all U.S. hospitals between July 2006 and June 2007 and designed to help administrators establish appropriate hospital policies while arming health consumers with the tools to pick the best care providers...
...Keefe explained that it would be impossible for CHA to absorb such extensive budget cuts—equivalent to about 20 percent of CHA’s annual revenue—for the current fiscal year. The state’s budget cuts call for withholding $200 million in Medicaid reimbursements from healthcare providers; $40 million of those reimbursements had been allotted to CHA. Other state budget reductions in the areas of education and healthcare management will cut a further $15 million from CHA. The future of funding for CHA is also up in the air, because the currrent agreement...
...Health Alliance isn’t the only hospital system affected. Boston Medical Center will lose out on $64 million it had been expecting for care delivered to low-income Medicaid patients last fiscal year...
...state notified Health Alliance officials last week that it would not reimburse the system for that sum as part of broader state budget cuts of $200 million in Medicaid payments to providers...