Recent regulatory actions from the Centers for Medicare and Medicaid Services (CMS) could have fiscal and credit repercussions for state governments and those reliant on state funding, particularly not-for-profit (NFP) healthcare providers, according to a recent commentary by Fitch Ratings. CMS issued regulatory notices to (1) allow states to transition to block grants or per capita cap grants for certain beneficiaries, effective immediately, and (2) the Medicaid Fiscal Accountability Regulation (MFAR) could upend how states finance their Medicaid costs.
The commentary can be obtained at https://www.fitchratings.com/site/pr/10110150.