SYRACUSE (WSYR-TV) - When the House of Representatives votes on the American Health Care Act this Thursday, the administration at Loretto will be watching what happens and how it affects them.
According to Loretto, the law would cap how much the federal government pays to the states for Medicaid, which means billions for New York State.
Seventy percent of Loretto's residents rely on Medicaid to pay for their care and medications, and many fear what the health care replacement bill means for them.
Loretto says, "If the bill is repealed, it will result in cuts of $1 trillion in federal Medicaid spending – pushing the burden to the states; the projected impact to New York alone is $3.7 billion in the first year, and projections of $101 to $103 billion in ten years. With 70 percent of our overall resident population on Medicaid; 75 percent in our skilled nursing facilities, even a 20 percent reduction in funding would be significant."
Loretto says it’s too early to predict what kind of exact losses they might see.
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