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Governor Rick Scott Calls on Hospitals to Share Profits

Governor Rick Scott Calls on Hospitals to Share Profits
Posted at 6:30 PM, May 08, 2015
and last updated 2015-05-28 14:12:21-04

TALLAHASSEE, Fla. (AP) - Florida Gov. Rick Scott is calling on the state's hospitals to share profits with each other to help offset the potential loss of $1 billion in federal money.

Scott on Friday sent out a letter to hospital executives across the state.

In the letter, the Republican governor says that Florida will have to prepare a new state budget that does not include federal money that now goes to hospitals to help pay for the poor and uninsured.

Scott says he wants hospitals to draw up a plan that would allow them to share a "record" $3.7 billion in profits to help hospitals that may be on shaky financial ground.

Scott compared his proposal to Major League Baseball teams in large markets helping teams in small markets.