Senate creates Medicaid trust fund to stabilize future matching funds
The New Mexico Senate passed Senate Bill 88 to create a $300 million Medicaid trust fund seeded by treasury overnight deposits; lawmakers said the fund will help stabilize state Medicaid spending if federal funding changes.
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The New Mexico Senate on Wednesday passed Senate Bill 88, creating a Medicaid trust fund seeded with interest from overnight treasury deposits and intended to provide a reserve if federal Medicaid funding drops.
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