The Oklahoma House has approved a bill approved by the Senate last month to assess a 2.5 percent fee on hospitals' net revenues in order to generate additional federal matching funds for the state's Medicaid program, according to a Bloomberg Businessweek report.
The legislation would assess the fee on 77 hospitals in the state (state-owned and some long-term care hospitals are exempt), generating $152 million. These funds would draw an addition $269 million in federal matching funds for Medicaid.
A majority of the funds ($336 million) would be distributed to hospitals through higher Medicaid reimbursement rates, while the remaining funds would support other healthcare providers, according to the report.
The bill now goes to Gov. Mary Fallin for her signature.
Read the Bloomberg Businessweek report on the Oklahoma hospital fee.
Related articles on hospital fees:
Ohio Legislation Will Use Hospital Franchise Fee to Avoid Medicaid Payment Cuts
Indiana Hospital Assessment Expected to Generate $100M in Federal Funds
Tennessee Hospital Tax Extended, Increased
The legislation would assess the fee on 77 hospitals in the state (state-owned and some long-term care hospitals are exempt), generating $152 million. These funds would draw an addition $269 million in federal matching funds for Medicaid.
A majority of the funds ($336 million) would be distributed to hospitals through higher Medicaid reimbursement rates, while the remaining funds would support other healthcare providers, according to the report.
The bill now goes to Gov. Mary Fallin for her signature.
Read the Bloomberg Businessweek report on the Oklahoma hospital fee.
Related articles on hospital fees:
Ohio Legislation Will Use Hospital Franchise Fee to Avoid Medicaid Payment Cuts
Indiana Hospital Assessment Expected to Generate $100M in Federal Funds
Tennessee Hospital Tax Extended, Increased