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Hospitals Tell Committee SB 1246's Tax Changes Could Worsen Medicaid Shortfall
Summary
Hospital officials said provisions in Senate Bill 1246 that change the hospital tax could increase the state's Medicaid shortfall and leave federal matching funds untapped.
Hospital representatives and health system finance officials told the Finance, Revenue and Bonding Committee that provisions in Senate Bill 1246 related to a hospital tax could exacerbate the state's Medicaid shortfall and fail to capture available federal matching funds.
Michael Valette, chief financial officer at Stamford Health, said the bill's sections 16 and 18 "cannot be seen as a stand alone proposal" and that, when viewed as a package,…
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