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Report: Florida hospitals could lose billions without Medicaid expansion

@dchangmiami

Florida legislators’ refusal to expand the eligibility criteria for Medicaid as called for under the Affordable Care Act might cost billions of dollars in lost funding for hospitals that treat many uninsured patients, according to a report released Monday by Florida Legal Services, a nonprofit legal advocate for the poor.

The financial impact would be felt most acutely by so-called “safety net” hospitals statewide, and in Miami-Dade, particularly by the taxpayer-owned Jackson Health System, according to Florida Legal, which estimated that Jackson could lose more than $570 million a year.

Other Miami-Dade hospitals, including University of Miami Hospital and Mount Sinai Medical Center, could lose as much as a combined $60 million a year, according to the report, while hospitals in Broward, Palm Beach and Monroe counties stand to lose more than $500 million in annual federal funding.

But if state legislators were to accept the government’s offer to spend about $5 billion a year to expand Medicaid to an estimated 760,000 more Floridians, the new revenue would more than offset the anticipated loss of federal funding for hospitals that treat many uninsured patients, Florida Legal reports.

More here.

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