Hospitals brace for $304M in funding cuts

Florida hospitals under Medicaid could face a $303.9 million rate cut, as the House and the Senate moved forward with a budget deal yesterday, the News-Press reported. The deal between House Appropriations Chairwoman Denise Grimsley (R-Sebring) and Senate Budget Chairman JD Alexander, (R-Lake Wales) indicate an agreement on healthcare cuts, which will likely be decreased even more to $404.2 million in future years, the article noted. In addition, nursing homes will see a 1.25 percent reduction in their rates. Lawmakers are racing against the clock to come to a decision before session closes Friday. Article