A bipartisan group of Oregon lawmakers has released a proposed budget for the state which includes a 4 percent tax on hospital revenue and an 11.5 percent cut in Medicare payments to providers, according to a Bloomberg Businessweek report.
The cuts will be enacted July 1 if the budget proposal receives approval. Funds generated from the hospital tax, which was increased 1.69 percent over last year, would be used to draw increased federal matching funds for the state's Medicaid program, Oregon Health Plan. The hospitals are expected to recoup the tax payments through higher reimbursements than could have been provided without the tax.
Oregon established a hospital provider tax in 2003.
Read the Bloomberg Businessweek report on Oregon hospitals.
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Oregon's Willamette Valley Medical Center Names Dan Ordyna CEO
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The cuts will be enacted July 1 if the budget proposal receives approval. Funds generated from the hospital tax, which was increased 1.69 percent over last year, would be used to draw increased federal matching funds for the state's Medicaid program, Oregon Health Plan. The hospitals are expected to recoup the tax payments through higher reimbursements than could have been provided without the tax.
Oregon established a hospital provider tax in 2003.
Read the Bloomberg Businessweek report on Oregon hospitals.
Related Articles on Oregon Hospitals:
Oregon's Willamette Valley Medical Center Names Dan Ordyna CEO
Oregon Surgeon Performs Wrong-Site Surgery on Four-Year-Old