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Medicaid costs up $950M as hospitals privatize

2 years 3 days 14 hours ago December 02, 2014 Dec 2, 2014 Tuesday, December 02 2014 December 02, 2014 12:35 PM in News
Source: Associated Press
By: APNewsNow

BATON ROUGE - A legislative audit says Louisiana's Medicaid spending rose about $950 million while the state privatized public hospitals and much of Medicaid.

The report says Medicaid annual spending stayed about $6.6 billion to $6.8 billion from 2010 through 2012 but hit $7.6 billion by June 30, when fiscal 2014 ended.

Much of Medicaid was made private in 2012. Hospital privatization started in 2013 and continued into this year.

Auditors found spending up $600 million for the private insurance program handling two-thirds of Louisiana's Medicaid recipients.

They estimate increased payments for uninsured patients to private operators of LSU hospitals at $350 million.

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