New Mexico outlines cuts to Medicaid provider rates

News

SANTA FE, N.M. (AP) – New Mexico is releasing an outline of proposed cuts to reimbursement rates for Medicaid health care providers that would trim up to $160 million in annual state and federal spending.

The state Human Service Department unveiled a proposal Tuesday that would rescind enhanced reimbursements to nearly 2,000 physicians and shave reimbursement rates to hospitals by between 3 percent and 8 percent.

Preventive care and obstetrics would be exempt from reimbursement cuts linked to various medical services.

New Mexico is seeking to close an $86 million state funding gap for Medicaid services between now and mid-2017. That means New Mexico is likely to forgo well over $300 million in federal matching funds.

Full Medicaid coverage now extends to more than one-third of New Mexico’s 2.1 million residents.

Copyright 2020 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Latest Video

Now Trending on KRQE.com

Video Forecast

Grant's Monday Evening Forecast

Thumbnail for the video titled "Grant's Monday Evening Forecast"
More Weather Video Forecast

Don't Miss

More Don't Miss