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SB 1763 Is Urgently Needed For The First GRF Medicaid Hospital Rate Increase Since 1995

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[The following is a paid advertisement.]

Just as Illinois hospitals face difficult spending decisions—due to dramatically higher costs—legislators face similar challenges allocating limited resources. As you balance competing requests, Illinois hospitals implore you to consider the critical role of hospitals and the dire financial distress they face due to inflation, supply chain and staffing shortages, and rising labor costs.

Last week, Gov. JB Pritzker declared May 11 “Illinois Public Health & Health Care Hero Day,” recognizing the tremendous sacrifice and dedication of healthcare professionals in treating patients during the pandemic. As you consider legislation in the final days of session, Illinois hospitals need your support. Our healthcare heroes need it, too.

Invest in Illinois healthcare by passing Senate Bill 1763 for the first General Revenue Fund (GRF) Medicaid hospital rate increase in 28 years.

GRF funds less than 18% of hospital Medicaid spending, while hospitals fund over 22% through an almost $2 billion assessment tax. Increasing the GRF portion of Medicaid hospital rates can help preserve patient access to care and will allow hospitals to continue investing in patient care and preventive services—while helping prevent hospital closures and service line cuts.

Vote YES on SB 1763 for a much-needed 20% across-the-board increase to hospital Medicaid base rates. Discover the facts to learn more.

posted by Advertising Department
Thursday, May 18, 23 @ 8:42 am

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