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SC budget board OKs $100M Medicaid agency bailout - Live5News.com | Charleston, SC | News, Weather, Sports

SC budget board OKs $100M Medicaid agency bailout

COLUMBIA, SC (AP) - South Carolina's financial oversight board has agreed to approve a $100 million bailout for the state's Medicaid agency.

The Budget and Control Board on Tuesday agreed to provide less than half the money requested by the state Health and Human Services Department. The five-member panel says the agency should find more ways to cut spending then come back later if it still needs more money.

The agency has said that it would have to stop payments to health care providers in March if the isn't covered. The money will come from the state's reserve fund.

The budget board took no action Tuesday on a request from the state's prisons agency to let it run a deficit of $4.8 million. That agency had previously estimated its deficit at $7.5 million.

Copyright 2011 The Associated Press. All rights reserved.

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