Monday, March 07, 2011
The Center for Public Policy Priorities published county-by-county estimates showing the impact of proposed Medicaid cuts. The negative impact on Tom Green County hospitals, doctors and nursing homes is nearly $116 million. Over half of that amount, $64 million, comes from the loss of federal stimulus money. CPPP's data does not include Medicaid UPL funds, currently distributed to Shannon Medical Center and San Angelo Community Medical Center. Cuts could be closer to $120 million.
Area providers, especially doctors and hospitals, serve people outside Tom Green County. The following graph shows the impact of $152 million in Medicaid cuts on the Concho Valley and Runnels County.
How will a $152 million revenue loss wash through area hospitals, clinics and nursing homes? The job decimator, the opposite of the job multiplier, may be coming to the Concho Valley's health sector.
Will Shannon or Community ask the City of San Angelo for job maintenance funding, like Ethicon? They'd have the right to, given the City's driving nearly 200 people from the health insurance rolls.
Update: On March 1 City Council entered executive session "to discuss an offer of financial or other incentive to a company or companies with whom the City of San Angelo is conducting economic development negotiations and which the City of San Angelo seeks to have, locate, stay or expand in San Angelo."
Update 3-27-11: SAST reported the Legislative Budget Board released an analysis showing the state could lose 271,746 jobs in 2012 and 335,244 jobs in 2013 if the House budget goes through as is.
by PEU Report/State of the Division at 2:05 PM