US defers over $1 billion in Medicaid payments to California and Minnesota

RegulationMacro
โดย Seeking Alpha·Read original
Summary · why it matters

The U.S. Department of Health and Human Services and the Centers for Medicare & Medicaid Services have deferred more than $1 billion in federal Medicaid payments to California and Minnesota as part of a Trump administration effort to combat fraud, waste, and abuse. CMS is deferring approximately $867.5 million in federal Medicaid payments to California and $199 million to Minnesota after financial reviews identified claims requiring additional scrutiny before federal matching funds are released. The payments are not being permanently withheld, and both states will have the opportunity to submit documentation demonstrating the claims comply with federal Medicaid requirements. Minnesota Governor Tim Walz called the move political retribution, arguing the administration was punishing children, seniors, and people with disabilities rather than fraudsters, while California Governor Gavin Newsom called it a recycled political stunt and said the state would collaborate with CMS in good faith efforts to combat fraud.

Impact on stocks 4

Health Care▲ · 3 stocks
Centene Corp
CNC
± MixedRegulationrelevance

Medicaid payment deferrals may affect managed care plans, but impact is unclear as payments are deferred, not denied.

Elevance Health Inc
ELV
± MixedRegulationrelevance

Medicaid payment deferrals may affect managed care plans, but impact is unclear as payments are deferred, not denied.

Molina Healthcare Inc
MOH
± MixedRegulationrelevance

Medicaid payment deferrals may affect managed care plans, but impact is unclear as payments are deferred, not denied.

Aging Population▲ · 1 stocks
UnitedHealth Group Incorporated
UNH
± MixedRegulationrelevance

Medicaid payment deferrals may affect managed care plans, but impact is unclear as payments are deferred, not denied.

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