We all know that this means and it stands to put many small businesses at risk if they cannot get a line of credit to carry them through until a budget is passed. Nursing Home facilities stand to be hit the hardest. BD
SACRAMENTO -- -- Thousands of medical providers who care for low-income Californians are scrambling to find funds to keep their doors open, as the failure of lawmakers to pass a budget forces the state to halt payments to them. State officials put the healthcare facilities on notice that starting today, payments from the Medi-Cal insurance program for the poor will be frozen until a budget is approved. An emergency pot of cash officials had set aside to pay the healthcare clinics, nursing homes and adult day care centers in the event of a delayed budget has run dry.
We all know that this means and it stands to put many small businesses at risk if they cannot get a line of credit to carry them through until a budget is passed. Nursing Home facilities stand to be hit the hardest. BD
State freezes Medi-Cal payments to thousands of healthcare facilities - Los Angeles Times