Federal government slashes New York's Medicaid payments

[riky]

Federal government slashes New York's Medicaid payments

<p><a href="http://news.yahoo.com/federal-government-slashes-yorks-medicaid-payments-180833125.html"><img src="http://l3.yimg.com/bt/api/res/1.2/8jos9Yx48KO19_cDl6_A5Q--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-04-01T180833Z_1_CBRE9301EEQ00_RTROPTP_2_USA.JPG" width="130" height="86" alt="New York Governor Cuomo arrives for meeting with Appropriations Committee on Capitol Hill in Washington" align="left" title="New York Governor Cuomo arrives for meeting with Appropriations Committee on Capitol Hill in Washington" border="0" /></a>By Edward Krudy NEW YORK (Reuters) - Federal authorities have dramatically lowered the amount that New York state can claim from the federal government for certain medical services, costing the state an estimated $1.2 billion. The Center for Medicaid Services (CMS), the federal agency that administers the nation's medical insurance system for people on low incomes, cut the per-patient reimbursement rate for patients in developmental centers to $1,200 from $5,100 from April 1, according to CMS documents seen by Reuters. ...</p><br clear="all"/>

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