N.Y. hospitals face $400 million in cuts amid coronavirus crisis

The funding cuts were proposed before the virus had reached the United States


St. Barnabas Hospital hospital in the Bronx, N.Y., recently was given some disturbing news by a state senator: His hospital could soon lose millions of dollars in government funding, according to an article on The New York Times website.

The funding cuts were proposed by a panel convened earlier this year, before the virus had reached the United States, to rein in the state’s growing Medicaid program by identifying $2.5 billion in savings.

The proposals were released in mid-March and include about $400 million in cuts to hospitals.

Asked about the proposed cuts, the N.Y. governor that hospitals would receive a windfall from the $2 trillion federal stimulus package, which provides over $150 billion in grants to hospitals fighting the virus across the country.

Read the article.



April 13, 2020


Topic Area: Industry News


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