COLUMBIA, S.C. (SOUTH CAROLINA DAILY GAZETTE) — South Carolina hospitals are set to take a multimillion-dollar annual cut when treating Medicaid patients as the new law pushed through Congress phases out a complicated program that boosted the government’s payments for medical care.
In 2028, South Carolina will start losing its ability to pay hospitals for treating Medicaid patients at similar rates as private insurance through what’s known as the state directed payment program.
For the 60 general care hospitals in the Palmetto State, that collectively means a looming loss of roughly $150 million annually over 15 years, according to the state’s hospital industry group…