Low-Income Pool funding extended until 2030
The Centers for Medicare and Medicaid Services (CMS) has approved the continuation of the Low-Income Pool program in Florida until June 30, 2030.
The Low Income Pool was created with the approval of the 1115 Research and Demonstration Waiver in 2005. The program supplements Florida with additional Medicaid funding from the federal government every year. Florida can receive up to $1.5 billion in funding every year. The state received $954 million in the 2019-2020 fiscal year. The full allocation has never been used.
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“LIP funding provides critical support to Florida health care providers that serve our most vulnerable,” said Gov. DeSantis. “Continuing this essential program means Floridians will have access to quality health care when they need it.”
The funding is used for hospitals and other health care providers who provide uncompensated care to Medicaid recipients, or other Floridians who are either uninsured or underinsured.
Over 3.8 millions Floridians are enrolled in Medicaid. The Children’s Health Insurance Program provides care to over 200,000 children in the Sunshine state. The uninsured rate in Florida was 13.2 percent in 2019, a number significantly higher than the national average of 9.2 percent.
Florida is one of 12 states that has not adopted the Medicaid expansion that was a part of the Affordable Care Act. A 2019 study by the Commonwealth Fund found that Florida is among the worst states for healthcare access and affordability.