RALEIGH, N.C. — Close to $2.6 billion is being distributed to 102 hospitals across North Carolina, according to the North Carolina Department of Health and Human Services.
It is all a part of the Medicaid Expansion program which will launch Friday, Dec. 1.
Eligible hospitals will start receiving payments through the Healthcare Access and Stabilization Program.
Funding will not only aid the state's healthcare safety net but it will pay for the non-federal share costs of expansion.
It will also allow the state to draw more than $8 billion each year from federal funding based on enrollment.
"Medicaid expansion is a monumental achievement that will save lives and provide better health care while sending billions to our economy," said Governor Roy Cooper. "We're beginning to see the real-life impacts of this extraordinary win for North Carolinians through these first payments to our rural hospitals that have been struggling for years to keep their doors open."
"These payments to hospitals are a lifeline and critical as we work to strengthen rural hospitals and health systems in North Carolina," said NC HHS Secretary Kody H. Kinsley. "The money will ensure people covered by Medicaid and Medicaid expansion have access to comprehensive physical and behavioral health care services in the communities they live in."
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