Tag Archive southeast financial

How much money does Texas plan to save on healthcare bill?

September 10, 2021 Comments Off on How much money does Texas plan to save on healthcare bill? By admin

On Friday, the Texas Health and Human Services Commission announced that it is looking to spend $1.1 billion to help pay for a state-run Medicaid expansion that the federal government has threatened to cut off.

The agency’s proposed budget for the expansion includes $250 million in federal funds to help cover costs for the next three years, $125 million to help expand access to high-cost private insurance through 2019, and $75 million to support the state’s enrollment process.

The Medicaid expansion would expand coverage for up to 4.3 million Texans, the agency said in a news release.

The state would also receive $1 billion in federal funding to cover costs associated with the Medicaid expansion.

The Texas Tribune thanks its sponsors.

Read moreIn addition to the federal funding, the state would receive $3 billion in state matching funds, which will help pay costs for Medicaid expansion, as well as a $300 million Medicaid matching fund.

The funds will go toward providing care to more than 5 million Texans with low incomes.

The money will also go toward a statewide pilot program, with a pilot program that will be available through 2019 and a later phase that will run through 2024, the release said.

In addition, the governor has directed the state to submit an application to the U.S. Department of Health and Medicare to use Medicaid matching funds to provide coverage to up to 2 million low-income Texans who qualify.

The federal government will pay the first $1,000 of the cost of the Medicaid Expansion, which is expected to cost $4 billion.

The remaining $1 million will go to cover the cost to provide Medicaid coverage to a smaller number of low-cost uninsured Texans, according to the release.

The Medicaid expansion is set to begin in 2019, when it is expected that up to 7.5 million Texans will be eligible to receive coverage through the Medicaid program.

G-Mac Financial CEO: ‘We’re not going to be able to compete’

August 20, 2021 Comments Off on G-Mac Financial CEO: ‘We’re not going to be able to compete’ By admin

The executive who ran G-MAC Financial, a bank that was a subsidiary of Securian Financial, told Bloomberg News the company was no longer profitable and will need to focus on growth.

“We are a small bank and we need to grow and we don’t have a large bank in our portfolio, so that will be our next challenge,” said Michael Cavanagh.

“It’s a tough time to be a bank.”

The former CEO said G-mac would likely have to focus more on its online banking business, which was one of the biggest drivers of its sales.

“You can’t compete on the level of how you offer products and services,” Cavanag said.

“I think it’s going to take a long time to grow, it’s been a difficult year for us, and we’ve been focused on our online business.”

Cavanagg said the bank was not yet ready to announce the closure of the business, but that it would likely focus on its new business, and if it was successful, it would expand the bank into other markets.

The former executive said the company had raised $20 billion in equity funding.

In August, G-Mobile and G-Mall also announced they were going into receivership.

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