Medicaid costs up $950M as hospitals privatize
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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