FHA: Medicaid cuts will cost hospital jobs

Jacksonville Business Journal, April 17, 2009

As the Florida Senate considers slashing $90 million in Medicaid payments to Florida hospitals, a study sponsored by the Florida Hospital Association warned that these cuts would cause a loss of four times that much in economic impact and cost thousands of jobs. A hypothetical $100 million reduction to Medicaid funding for Florida hospitals would cause the loss of 2,187 jobs statewide and $415 million in economic losses from reduced employment, spending and taxes, according to the study.