Oklahoma Medicaid announces 25% cuts
OKLAHOMA CITY – The Oklahoma Health Care Authority, which oversees the state’s Medicaid program, is cutting reimbursement rates for more than 46,000 providers by 25%, according to local news reports. Due to a roughly $1.3 billion hole in next year's state budget, state agencies are being directed to prepare for cuts of 15% or more to their budgets. The cuts, which will affect DME providers, hospitals, physicians, pharmacies and nursing facilities, are slated to take effect July 1. "This is a market-changing development in terms of hospitals' and other providers' ability to satisfactorily treat those that are on Medicaid," Craig Jones, president of the Oklahoma Hospital Association told a local news outlet.