In a recent FPI policy brief, we reported that there were local financial commitments which would allow the state to realize $790 million for the LIP pool- a little over half of the total $1.5 billion appropriated by the Legislature. Florida relies on local entities, like hospital taxing districts, to raise the state matching dollars needed to draw down LIP federal funds.
But the News Services of Florida now reports that the total is in fact just $730 million, less than half of the amount appropriated. That’s because the full amount of local commitments did not actually come through. This just reinforces the takeaway - uncertain LIP funding will never be a substitute for health care coverage.