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DELAWARE HOSPITALS AGREE TO TAX FOR ADDITIONAL $100 MILLION IN FED FUNDING

Delaware hospitals have agreed to a 3.58% tax on patient revenues so the state can qualify for another $100 million more in federal Medicaid funding. With healthcare costs exceeding $2 billion annually – this infusion of funds comes at a critical time. The state’s Medicaid program, serving one in three Delawareans, will benefit from the influx, allowing for expanded coverage and improved care. – promises to enhance current Medicaid programs and establish new benefits.

The agreement entails directing funds back to hospitals – aimed at better serving Medicaid patients and improving overall health outcomes. It’s a collaborative effort to ensure that the impact of this funding is felt directly by Delaware residents. While the bill awaits final approval – stakeholders anticipate positive outcomes – including increased reimbursement rates and expanded coverage for vulnerable populations.

 

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