Puerto Rico economic crisis continues as the US Territory has warned that their Medicaid funds are running out. Governor Ricardo Rossello, who heads the health insurance administration in the territory is set to visit Congress to address the issues.
Last week, Rossello sent a letter to Florida Governor Rick Scott explaining that Puerto Rico’s budget has been strained by thousands moving the US mainland, with around 128,000 who moved to Florida between 2010 and 2015. The projections of Medicaid expenditures Florida needed to serve this population, could exceed an estimated $6 billion with $3.7 billion coming from the federal government and the remaining from state funds. Rossello write, warning that the U.S. will increasingly have also feel the burden of the Puerto Rico’s crisis.
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