CMS updates Basic Health Program funding formula for states
The Centers for Medicare & Medicaid Services yesterday announced revised federal funding methodologies for the Basic Health Program under the American Rescue Plan Act. New York and Minnesota are currently the only states operating a BHP, an Affordable Care Act option for states to cover low-income residents ineligible for Medicaid and CHIP. Under the updated formula, New York will receive an estimated $750 million and Minnesota an estimated $100 million in additional funding for their programs in 2022, as well as additional funds for 2020 and 2021, CMS said.
Related News Articles
Headline
The White House Office of Management and Budget Jan. 29 rescinded a memo it issued two days earlier directing federal agencies to temporarily pause federal…
Headline
The White House Office of Management and Budget late Jan. 27 issued a memo directing federal agencies to temporarily pause federal grants, loans and other…
Headline
The Centers for Medicare & Medicaid Services Dec. 4 announced that drug manufacturers bluebird bio, inc. (manufacturer of Lyfgenia) and Vertex…
Headline
The Centers for Medicare & Medicaid Services Oct. 16 approved section 1115 demonstration amendments which will allow Medicaid and Children's Health…
Headline
The Centers for Medicare & Medicaid Services Sept. 26 released guidance on state compliance with the Early and Periodic Screening, Diagnostic and Treatment…
Headline
The Centers for Medicare & Medicaid Services Aug. 15 released a state funding notice for the Cell and Gene Therapy Access Model. The CGT Access Model will…