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Oklahoma Healthcare Authority Approves $6 Billion Budget - 6/28/2019

The budget includes just over $1 billion in state funding. That is less than the Health Care Authority received from the state this fiscal year, but the agency will receive more federal dollars due to an increase in its Federal Medical Assistance Percentage rate.

 

The Federal Medical Assistance Percentage (FMAP) rate is used to determine the amount of federal funds states get for qualifying expenditures in their Medicaid programs.

 

The FY 2020 budget anticipates a growth in Oklahoma's Medicaid program costs of about 8%, mostly from the state employee pay raise and an increase in the nursing home reimbursement rate.

 

The budget factors in a decrease in Insure Oklahoma due to "anticipated growth that never materialized, coupled with an estimated 6% decline in enrollment over FY 2019.

 

Insure Oklahoma, operated by the Health Care Authority, helps small-business employees obtain health care coverage for themselves and their families, as well as individuals who are self-employed or temporarily unemployed.

 

 

 

About OrionNet Systems

OrionNet is an Oklahoma small business founded in 2001. OrionNet has designed, developed and supported applications created both for the client-server and web environments, as well as developing, marketing and supporting a commercial application for the counseling centers industry.

Visit the OrionNet Systems’ website, www.iorion.com, or their social media pages, https://twitter.com/ThinkHealth & https://www.facebook.com/pages/OrionNet-Systems/139352156150090 for more information.

 

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