The Oklahoma Senate has approved legislation that would levy at 2.5 percent fee on the net revenues of 77 Oklahoma hospitals in order to generate additional federal matching funds for the state's Medicaid program, according to a Forbes report.
The fee is expected to generate $152 million, which would attract an additional $269 million in federal matching funds. Fees would be recouped by the hospitals through higher Medicaid reimbursements.
Some Republicans opposed the measure, arguing it would lead to more federal spending, according to the report.
The bill now moves to the House.
Read the Forbes report on the Oklahoma hospitals' provider fees.
Read related articles on hospital provider fees:
North Carolina Legislature Approves Hospital Provider Fee
Colorado Hospital Provider Fee Continues
The fee is expected to generate $152 million, which would attract an additional $269 million in federal matching funds. Fees would be recouped by the hospitals through higher Medicaid reimbursements.
Some Republicans opposed the measure, arguing it would lead to more federal spending, according to the report.
The bill now moves to the House.
Read the Forbes report on the Oklahoma hospitals' provider fees.
Read related articles on hospital provider fees:
North Carolina Legislature Approves Hospital Provider Fee
Colorado Hospital Provider Fee Continues