Ohio Medicaid has reduced the amount of hospital payment cuts it planned to make in light of new budget projections, according to a Dayton Daily News report.
Here are six things to know:
1. Ohio Medicaid planned to cut hospital payments by $1.1 billion in fiscal years 2018 and 2019, according to the report. A one-week Medicaid payment delay this month also was planned.
2. The Medicaid cuts and payment delay were attributed to a lack of projected state funding.
3. Now, however, the June payment delay is off, and the amount of Ohio Medicaid's planned hospital payment cuts has been reduced, reports the Dayton Daily News. The new amount in hospital payment cuts is $214 million.
4. The reduction comes after Ohio Medicaid officials determined the state's poverty rate has declined, according to the report. With the poverty rate decline, officials anticipate there will be enough savings to meet their budget.
5. The Ohio Hospital Association said in the report while it is pleased with the reduction, many hospitals still won't be able to sustain the planned Medicaid payment cuts.
6. Ohio Medicaid is still moving forward with plans to have providers reimbursed through contracting with private insurance companies such as CareSource, rather than through direct Medicaid payments, the report states. Changes related to those plans are scheduled to take effect July 1.
Read the full report here.
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