Closing the Gap in Louisiana's Medicaid Budget - KLFY News 10

Closing the Gap in Louisiana's Medicaid Budget

Governor Bobby Jindal's administration has slashed only two-thirds of the spending needed to close the entire gap in Louisiana's Medicaid budget. The administration is banking on better-than-expected revenue projections to close the remaining budget hole. If that doesn't pan out in the next few months, more reductions are on the horizon. The Jindal administration announced 523 million dollars in cuts last week, largely to the LSU Public Hospital System. But the estimated gap in Medicaid financing was 859 million. Another 94 million dollars in state funding will be needed to draw down the federal matching dollars to fill that hole.

 

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