Senate passes Medicaid extension bill

Cash-strapped governors can expect another $16.1 billion to help pay Medicaid bills next year, Politico reports.

The extension funds are part of a $26 billion aid package the Senate okayed for state and local governments, the Wall Street Journal reports.

The overall aid package will be funded partly by an $11 billion tax increase on U.S. multinational corporations, the Journal says. The Medicaid dollars increase Washington's contribution under the so-called federal medical assistance percentages that dictate the shared costs for Medicaid.

The Senate voted 61-39 to approve the measure, reports the Journal. House Democratic leadership said Wednesday they plan to get final approval for the legislation as early as next Tuesday, according to the Journal.

To learn more:
- read the Wall Street Journal article
- here's the Politico article