Louisiana state lawmakers think they’ve found a way to bring in $250 million a year for the medicaid program, without more taxes.
Republican Senator, Fred Mills, sponsored the plan which the senate and house have both passed.
The financing maneuver would let insurance companies pool more of their money and draw down more federal medicaid dollars to compensate them for caring for the poor, however, Mills says it still needs approval from federal medicaid officials.
Gov. John Bel Edwards supports the plan. It could help with next year’s budget, but wouldn’t arrive in time to help with this year’s budget crisis.