Tuesday, June 22, 2010

Lawmakers explore FMAP options

With Congressional approval of additional FMAP (Medicaid) funds still in question, the state House Ways and Means Committee met today to explore the options available to balance the budget if the funds aren't approved. The state assumed an additional $480 million in FMAP funds to help balance the budget this year. This is more than the $253 million ending fund balance meaning if the funds aren't approved the state's ending fund balance would be negative by more than $200 million. According to a staff presentation the options are . . . READ MORE


Post a Comment