The House Concurrent Resolution No. by Representative McFarland aims to establish a hospital stabilization formula in Louisiana to enhance the availability and funding of inpatient and outpatient hospital services. The resolution seeks to protect rural hospitals, minimize the financial burden on insured patients due to uninsured care, and create a sustainable funding model for Medicaid hospital programs without relying on state general funds. It outlines a hospital assessment structure that will be levied quarterly, with specific rates determined based on hospital types and their net patient revenue, while exempting certain small and rural hospitals from these assessments.

Additionally, the resolution mandates the Louisiana Department of Health to implement reimbursement enhancements for hospitals, including directed payments and a health coverage expansion to maximize federal matching funds. The Department is required to publish details of the approved payment arrangements and quarterly reports on Medicaid claims and directed payments received by hospitals. The resolution emphasizes the need for fiscal prudence and flexibility in healthcare funding, aiming to ensure the financial sustainability of hospitals while improving healthcare access for low-income and uninsured residents in Louisiana.