Florida can save millions by accepting federal Medicaid funds, state agency says

Florida can save millions by accepting federal Medicaid funds, state agency says

State lawmakers may have overlooked more than $430 million in yearly savings for Florida taxpayers by not accepting the federal dollars promised through the Affordable Care Act.

The savings, says the Medicaid director at Florida’s Agency for Health Care Administration, come from the administration’s recent pledge to pay the full cost of “Medically Needy” recipients annually. These are patients with serious illnesses who cannot pay for their treatment.

Last month, when state budget analysts studied the cost-benefit of expanding Medicaid to cover 1 million low-income uninsured Floridians, they had to leave out savings from “Medically Needy” because they didn’t know whether federal health officials would offer full funding for that program.

Read more here: http://www.tampabay.com/news/health/florida-can-save-millions-by-accepting-federal-medicaid-funds-state-agency/2114805