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Providence Service Corporation Provides The Center on Budget and Policy Priorities' Preliminary Analysis of Potential Medicaid Assistance for States in the House Economic Recovery Package
Date:1/26/2009

TUCSON, Ariz., Jan. 26 /PRNewswire-FirstCall/ -- The Providence Service Corporation (Nasdaq: PRSC) today provided The Center on Budget and Policy Priorities' preliminary analysis of Medicaid assistance for states in the House Economic Recovery package. The report was issued on January 22, 2009. The Center on Budget and Policy Priorities is one of the nation's premier policy organizations working at the federal and state levels on fiscal policy and public programs that affect low- and moderate-income families and individuals.

According to the report, "the economic recovery package under consideration by the House of Representatives includes an approximately $88 billion temporary increase in the share of the Medicaid program paid by the federal government over nine calendar quarters (October 1, 2008 through December 31, 2010). The states urgently need this type of assistance; states on their own are not able to provide critically needed health insurance under Medicaid as need swells in a recession and in its immediate aftermath."

A full copy of the report can be found on The Center on Budget and Policy Priorities' website at http://www.cbpp.org/1-22-09sfp.htm.

Included in the report are tables that show illustrative estimates of the amount of assistance each state would potentially receive, based on projections of future economic conditions, which are admittedly highly uncertain.

About Providence

Providence Service Corporation, through its owned and managed entities, provides home and community based social services and non-emergency transportation services management to government sponsored clients under programs such as welfare, juvenile justice, Medicaid and corrections. Prov
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SOURCE Providence Service Corporation
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