FORT LAUDERDALE, Florida (AP) -- Florida hospital executives warned they will be hit doubly hard if the state does not expand Medicaid under the federal health overhaul.
They say that's because hospitals will lose federal funding they've relied on to care for uninsured patients. Executives told lawmakers at a meeting in Tallahassee on Monday they spent more than $2.8 billion caring for uninsured patients in 2011.
The Affordable Care Act will end some funding streams to hospitals that cover large numbers of uninsured patients because the law assumes those patients will have insurance.
If lawmakers do expand Medicaid, the feds would pay 100 percent of the costs the first three years and 90 percent after.
Hospital execs said the state could receive $26 billion from the feds to pay for Medicaid expansion over the next decade.
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