President Obama Announces More Than $95 Million in Medicaid Relief from ARRA for New Mexico
Federal Medical Assistance Percentage (FMAP) funding available for states on Wednesday in special Treasury accounts
President Barack Obama announced this morning in a meeting with the Nation’s Governors that states will be able to access the first two quarters of Federal Medical Assistance Percentage funding (FMAP) – the federal match for Medicaid – starting this Wednesday, February 25. FMAP funding helps pay for health care for the families hit hard by the economic crisis and some of the nation’s most vulnerable citizens. More than 49 million Americans rely on Medicaid for health care coverage and this funding could help 20 million more Americans get covered.
New Mexico will be eligible for $95,239,707 under the bill. A chart detailing funding by state can be found [ http://www.hhs.gov/recovery/statefunds.html ]HERE.
“This plan will also help ensure that you don’t need to make cuts to essential services Americans rely on now more than ever,” the President told the Nation’s Governors in a meeting at the White House this morning.