By Rosemary D’Amour/Daily News correspondent
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The $4 billion in federal stimulus health care money headed to the Bay State over the next three years will help provide care for those who can’t afford it and it is hoped help stem hemorrhaging costs by funding new technologies.
The bulk of the health care stimulus funding - some $3.5 billion - will keep mostly safety-net programs afloat with Medicaid/Federal Medical Assistance Percentage funds.
But a portion of federal stimulus money is targeted for cost-saving innovation. Massachusetts is expected to receive $1.3 billion in technology and research funds, with more than $500 million slated for initiatives to help create electronic patient records in the commonwealth. http://ping.fm/aIblJ