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Who Said That?
Florida's quote of the day
"Even if this could bring us more money this year, we oppose it."
Hillsborough and Pinellas hospitals are on track to lose $133 million next year as a new state law that spreads health dollars around the state takes full effect. And the biggest loser is Miami-Dade, whose hospitals are expected to take a $218 million hit.
The funding formula was a little-known part of Florida's 2011 Medicaid reform law, a Republican-driven overhaul of the federal/state insurance program for the poor. But its impact is only now becoming clear as the provision is scheduled to take effect in July. Hardest hit are hospitals in counties like Hillsborough, Pinellas and Miami-Dade that put their own residents' tax dollars toward the program.
Read more at the Times/Herald.
Business Beat - Week of May 3rd
