Federal stimulus funds will offset the loss of revenue expected to be generated by a proposed 1 percent fee on health care claims, Oklahoma officials said.
BY JULIE BISBEE and MICHAEL MCNUTT Oklahoman
Published: August 25, 2010
Additional federal stimulus dollars allocated to the state this summer will offset the loss of money expected to be generated from a proposed 1 percent fee on health insurance claims. The fee was ruled unconstitutional by the state Supreme Court on Tuesday.
Lawmakers will still have to figure out to how to pay for the state’s portion of the Medicaid program when crafting the budget for the 2012 fiscal year.
“We do not see a reason to panic at this point. Since the Oklahoma Legislature adjourned in May, the federal government has made additional funds available to states,” said Mike Fogarty, chief executive officer of the Oklahoma Health Care Authority.
The extension of federal dollars is expected to make an additional $140 million to $150 million available to help fund the state’s Medicaid program, which provides health care to low-income people.
Read more: http://newsok.com/states-top-court-overturns-health-fee/article/3488618#ixzz0xeSuIM8T