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ME sells bonds to pay off $183M in hospital debt

Bangor Daily News, September 4, 2013

AUGUSTA, Maine — A bond meant to pay off $183.5 million in state debt for services provided by hospitals statewide under MaineCare, the state's Medicaid system, was sold Tuesday, according to a release issued by Gov. Paul LePage. The payment will trigger an additional $305 million in federal matching funds. "With the sale of the liquor revenue bond, Maine hospitals are now just weeks away from being repaid the more than $484 million in welfare debt owed to them,"LePage said in a prepared statement. "This is good news for these employers and their local communities."