South Carolina's Budget and Control Board has approved a $100 million bailout for the state's Department of Health and Human Services, allowing the state's financially squeezed Medicaid program to continue paying physicians and other providers, according to a Bloomberg Businessweek news report.
Earlier this year, the department revealed a $228 million deficit that was caused in part by a slow economic turnaround and legislation prohibiting the agency from reducing physician payments. A $3 million spending cut from several programs, including adult dental and vision, two bailouts totaling $200 million and passage of a 3 percent cut for Medicaid reimbursements to providers now reconfigures the debt to approximately $17.5 million debt.
Read the news report about South Carolina's Medicaid program.
Read other coverage about South Carolina's Medicaid program:
- South Carolina to Cut Medicaid Payments by 3%
- South Carolina Senate OKs $125M in Cuts to Physicians, Hospitals
- South Carolina Medicaid Director Proposes Delaying Payments to Managed Care Groups to Save $36M
Earlier this year, the department revealed a $228 million deficit that was caused in part by a slow economic turnaround and legislation prohibiting the agency from reducing physician payments. A $3 million spending cut from several programs, including adult dental and vision, two bailouts totaling $200 million and passage of a 3 percent cut for Medicaid reimbursements to providers now reconfigures the debt to approximately $17.5 million debt.
Read the news report about South Carolina's Medicaid program.
Read other coverage about South Carolina's Medicaid program:
- South Carolina to Cut Medicaid Payments by 3%
- South Carolina Senate OKs $125M in Cuts to Physicians, Hospitals
- South Carolina Medicaid Director Proposes Delaying Payments to Managed Care Groups to Save $36M