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VOL. 130 | NO. 73 | Wednesday, April 15, 2015

House Approves $450 Million Hospital Fee to Draw Down Federal Money

AP

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NASHVILLE, Tenn. (AP) – The state House has voted 90-2 to approve an annual $450 million assessment on Tennessee hospitals to draw down $826 million in federal money.

Democrats were quick to point out that the about 2-to-1 match rate pales in comparison to vastly more favorable rate the state would have received if lawmakers approved Gov. Bill Haslam's Insure Tennessee proposal.

Under Haslam's plan, hospitals would have covered the $74 million state share to draw down $2.8 billion in federal Medicaid funds to cover more than 280,000 low-income Tennesseans.

But two efforts to pass Haslam's proposal were killed by lawmakers wary of tapping into the Medicaid expansion element of President Barack Obama's health care law.

The Senate Finance Committee voted 9-0 on Monday to send the hospital fee to a full floor vote.

Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 103 137 4,008
MORTGAGES 84 131 4,521
FORECLOSURE NOTICES 7 19 700
BUILDING PERMITS 178 368 9,636
BANKRUPTCIES 50 110 2,995
BUSINESS LICENSES 40 73 1,964
UTILITY CONNECTIONS 31 66 1,190
MARRIAGE LICENSES 17 40 754