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House approves $25M provider stabilization fund to aid safety-net clinics, with debate over use of unclaimed-property interest
Summary
The House passed Senate Bill 290 to create a provider stabilization fund that will make payments to safety-net health providers serving low-income and uninsured Coloradans, funded primarily by interest on the Unclaimed Property Trust Fund and designed to seek federal matching dollars.
DENVER — The Colorado House approved Senate Bill 290, establishing a new provider stabilization fund to deliver one-time stabilization payments to safety-net health providers, including federally qualified health centers, rural health clinics and behavioral health providers that serve low-income uninsured and publicly insured Coloradans.
Representative Byrd, a co-sponsor, said the pandemic and the Medicaid unwinding left many safety-net providers facing higher uncompensated care burdens because patients lost Medicaid coverage and clinics continued to provide care.…
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