Report: Hospitals could lose millions if Florida's property tax overhaul passes

Driving the news: The Florida Hospital Association estimates hospitals could see a 32% annual drop in tax revenue.

• Annual shortfall for the state's 13 children's councils — countywide, voter-approved special taxing districts to fund health care services for kids — could range from $3 million to $33 million, according to the Times.
• Property taxes fund the children's councils. These losses come on top of expected federal funding cuts from the Trump administration.

By the numbers: Hillsborough could lose $20 million a year, while Pinellas could lose $28 million, according to the Times.

The big picture: Medicaid-dependent services could be hit hardest.

• Medicaid pays just 47 cents on the dollar for labor and delivery and 49 for behavioral health, requiring hospitals to subsidize those programs with other revenue, per the Times.
• Without that revenue to offset Medicaid's reimbursement rates, those services could face cuts. The Trump administration also plans to slash the state's Medicaid funding by roughly $4 billion by 2034.