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Lawmaker revives proposal to pool public funds into hospital 'security' trust and statewide global budgets
Summary
Representative Francis Chopper McPhomb reintroduced a proposal (discussed as bill 267) to create a hospital security trust fund that would pool public hospital dollars into a statewide global budget to cover hospital care and reduce individual patient bills.
Representative Francis Chopper McPhomb presented a proposal (referred to in committee discussion as bill 267) to establish a "hospital security" plan and trust fund that would collect public hospital‑care dollars into a statewide budget covering hospital services.
"There's a hospital security trust fund to finance this bill and into that trust fund, it goes all of the Medicaid, Medicare money, all of the public money and we have to get waivers to do that," Representative McPhomb told the House Committee on Health Care. Under the idea described by McPhomb, the trust fund would finance a negotiated statewide…
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