Grady Hospital May Lose $45 Million in Federal Funds

3:44 PM, Nov 21, 2012   |    comments
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ATLANTA (AP) - Grady Memorial Hospital, one of the largest hospital systems in America, could lose up to $45 million in federal funding with the government looking to cut funding to hospitals caring for uninsured patients.

The Atlanta Journal-Constitution reported Wednesday that Grady could lose the funding when the federal budget cuts begin in 2014.

The Affordable Care Act was set to expand Medicaid and offset the budget cuts. However a June Supreme Court decision made expanding Medicaid programs optional for individual states, and Gov. Nathan Deal says Georgia cannot afford to.

The budget cuts are planned to take place over the course of five years. Funding for the $11 billion program helping hospitals care for uninsured patients nationwide could be cut in half.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


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