WASHINGTON - U.S. Rep. Bill Pascrell, Jr., a member of the Ways and Means Subcommittee on Health, today announced that the Centers for Medicare and Medicaid Services (CMS) has awarded a $110.1 million federal grant to New Jersey as part of the Affordable Care Act. The grant, part of the State Balancing Incentive Payment Program, will allow greater access to non-institutionally based long-term services and supports.
"I fought for historic healthcare reform in order to lift the incredible burden that health care costs have placed on American families," said Rep. Pascrell. "This grant will give Medicare beneficiaries options regarding their long term care, including getting folks out of institutionalized settings and back into their homes. The Affordable Care Act is about lowering costs and improving efficiency, and this grant will ensure that New Jersey remains on the forefront of healthcare innovation."
The period of performance for this grant award is April 1, 2013 through September 30, 2015. The award is based upon New Jersey's projected expenditures and is dependent on the actual amount spent on non-institutional long-term services and supports and the implementation of the required structural changes.