Gov. Paul LePage says Maine’s hospitals are just weeks away from being repaid about $490 million for unpaid Medicaid services.
The Republican governor’s office said on Tuesday that the state has sold the $220 million liquor operation revenue bond, which will be paid off with anticipated revenues from a restructured, 10-year liquor contract. The state will pay $183.5 million, which will trigger a federal match of $306.7 million to complete the payments.
LePage’s office says the Maine Municipal Bond Bank plans to settle the bond sale on Thursday. The hospitals are expected to receive the full payments this month.
LePage signed the bill to repay the hospitals, one of his top legislative priorities, in June.