State Loans $186M to Hospitals
California lawmakers have agreed to loan $186 million to California hospitals that are experiencing cash shortages from delayed Medi-Cal payments, the Stockton Record reports.
Federal Medi-Cal payments have been frozen since last summer, as state and federal officials negotiate a new financial distribution plan for hospitals.
The hospitals are expected to reimburse the state once the money is made available, but that is not expected to happen until at least summer, according to Medi-Cal Director Stan Rosenstein (Kane, Stockton Record, 3/5).