A solution to the looming loss of Medicaid funding for Guam may lie in a bill that just cleared the Senate Finance Committee Monday.
Federal Medicaid funds for Guam and the territories will run out on Dec. 20.
However, buried on page 283 of the bipartisan Prescription Drug Pricing Reduction Act is a provision that will boost the Medicaid reimbursement rate for Guam — from 50 percent now to more than 80 percent.
Governor Lou Leon Guerrero told NewsTalk K-57’s Patti Arroyo this morning that the clearing of the bill is great news for both the island’s Medicaid patients and providers.
“Hey if that happens, it’ll be a win for us. It will be a win for us because the provision is talking about $127 million and nearly to Guam and 83 percent FMAP which is good,” the governor said.
The proposed measure is not law yet.
The Prescription Drug Pricing Reduction Act still needs to be passed by the full Senate and the House. However, President Trump has already expressed his support for the bill and is expected to sign if it lands on his desk.