The Oklahoma House Appropriations Subcommittee on Public Health has voted unanimously to approve legislation that would assess a hospital provider fee on hospitals in the state in order to generate revenue for the state's Medicaid program, according to a Bloomberg report.
The legislation, sponsored by Republication State Representative Doug Cox, calls for a 2 percent fee on hospital net revenue, which is estimated to generate $105 million for the Medicaid program. The additional funds would induce $220 million in federal matching funds, which would be recouped by hospitals through Medicaid reimbursement.
The Oklahoma Hospital Association supports the fee, according to the report.
Read the Bloomberg report on the Oklahoma hospital provider fee.
Read more coverage on hospital provider fees:
- Colorado Hospital Provider-Fee Bill Signed by Governor
- Arizona Hospitals Consider Tax to Close Medicaid Shortfall
The legislation, sponsored by Republication State Representative Doug Cox, calls for a 2 percent fee on hospital net revenue, which is estimated to generate $105 million for the Medicaid program. The additional funds would induce $220 million in federal matching funds, which would be recouped by hospitals through Medicaid reimbursement.
The Oklahoma Hospital Association supports the fee, according to the report.
Read the Bloomberg report on the Oklahoma hospital provider fee.
Read more coverage on hospital provider fees:
- Colorado Hospital Provider-Fee Bill Signed by Governor
- Arizona Hospitals Consider Tax to Close Medicaid Shortfall