U.S. Congress to give Puerto Rico short-term Medicaid help(Reuters) - Ailing Puerto Rico would receive $295 million in Medicaid funding from the federal government as part of the U.S. Congress’ spending plan to avert a government shutdown, Governor Ricardo Rossello said on Monday.  Rossello said in a statement in Spanish that he was “grateful” for the addition in the spending bill reached late Sunday night.  The full House of Representatives and Senate must approve the bipartisan pact, though prompt passage was expected this week. Puerto Rico’s public health system is nearly insolvent, a key driver of emigration that has decimated the U.S. territory’s population as it wrestles with $70 billion in debt, a 45 percent poverty rate and unemployment twice the U.S. average. The island faces a deadline at midnight Monday to negotiate a debt-cutting agreement with creditors, or open itself up to lawsuits over debt defaults. It could also file for a modified version of U.S. bankruptcy to protect itself from such litigation. One creditor, who owns insured Puerto Rican bonds, said the proposal was “not even close to a good proposal. “Not just lowball but also not a well constructed proposal,” said Sean Burgess, portfolio manager and lead trader for Puerto Rico strategy at Sarasota, Florida-based Cumberland Advisors. The island’s aggressive lobbying for federal healthcare funding in Washington is seen as a possible detractor to filing bankruptcy, which would not garner sympathy from Congressional Republicans who opposed the in-court restructuring provision in last year’s Puerto Rico rescue law, PROMESA. The $295 million will help fund the island’s Medicaid budget for fiscal year 2018, which starts July 1, and enable Puerto Rico to contract with managed care health insurance companies that administer the Medicaid program.  Without the money, the island would have to run the Medicaid program on its own, a massive undertaking that Puerto Rico is not equipped to do, said island Health Secretary Dr. Rafael Rodríguez-Mercado. But Puerto Rico will still need an additional $300 million to fund its entire Medicaid budget for fiscal year 2018, Rodríguez-Mercado told Reuters in an interview on Monday. He hopes that money will come from the Children’s Health Insurance Program (CHIP) in September. Puerto Rico’s $2.76 billion Medicaid budget has been funded in part by a one-time pool of money provided to U.S. territories under the Affordable Care Act, commonly referred to as Obamacare.  That money is expected to run out by the end of 2017, triggering what island officials call the “Medicaid cliff” — the return to a federal funding cap of $321 million for Puerto Rico’s Medicaid program. U.S. territories receive proportionately less federal Medicaid reimbursement than U.S. states. Prior to Obamacare, Puerto Rico partially funded its Medicaid budget through bonds, exacerbating the island’s debt crisis.  In recent weeks, Governor Ricardo Rossello has been lobbying to boost Puerto Rico’s healthcare funding, warning that Washington’s failure to do so would leave some 900,000 people without health coverage. politicsNews
congress give puerto rico medical help reuters ailing puerto rico would receive million medical funding federal government part congress spending plan avert government shutdown governor ricardo russell said monday russell said statement spanish grateful addition spending bill reached late sunday night the full house representatives senate must approve bipartisan pact though prompt passage expected week puerto rico public health system nearly insolvent key driver emigration decimated territory population wrestler billion debt percent poverty rate unemployment twice average the island faces deadline midnight monday negotiate agreement creditors open lawsuits debt defaults it could also file modified version bankruptcy protect litigation one creditor owns insured puerto rica bonds said proposal even close good proposal not fotball also well constructed proposal said sean burgess portfolio manager lead trader puerto rico strategy sarasota cumberland advisors the island aggressive lobbying federal healthcare funding washington seen possible detractors filing bankruptcy would garner sympathy congressional republicans opposed restructuring provision last year puerto rico rescue law process the million help fund island medical budget fiscal year starts july enable puerto rico contract managed care health insurance companies administer medical program without money island would run medical program massive undertaking puerto rico equipped said island health secretary rafael but puerto rico still need additional million fund entire medical budget fiscal year told reuters interview monday he hopes money come children health insurance program chip september puerto rico billion medical budget funded part pool money provided territories affordable care act commonly referred obamacare that money expected run end triggering island officials call medical cliff return federal funding cap million puerto rico medical program territories receive proportionally less federal medical reimbursement states prior obamacare puerto rico partially funded medical budget bonds exacerbating island debt crisis in recent weeks governor ricardo russell lobbying boost puerto rico healthcare funding warning washington failure would leave people without health coverage politicsnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: U.S. Congress to give Puerto Rico short-term Medicaid help(Reuters) - Ailing Puerto Rico would receive $295 million in Medicaid funding from the federal government as part of the U.S. Congress’ spending plan to avert a government shutdown, Governor Ricardo Rossello said on Monday.  Rossello said in a statement in Spanish that he was “grateful” for the addition in the spending bill reached late Sunday night.  The full House of Representatives and Senate must approve the bipartisan pact, though prompt passage was expected this week. Puerto Rico’s public health system is nearly insolvent, a key driver of emigration that has decimated the U.S. territory’s population as it wrestles with $70 billion in debt, a 45 percent poverty rate and unemployment twice the U.S. average. The island faces a deadline at midnight Monday to negotiate a debt-cutting agreement with creditors, or open itself up to lawsuits over debt defaults. It could also file for a modified version of U.S. bankruptcy to protect itself from such litigation. One creditor, who owns insured Puerto Rican bonds, said the proposal was “not even close to a good proposal. “Not just lowball but also not a well constructed proposal,” said Sean Burgess, portfolio manager and lead trader for Puerto Rico strategy at Sarasota, Florida-based Cumberland Advisors. The island’s aggressive lobbying for federal healthcare funding in Washington is seen as a possible detractor to filing bankruptcy, which would not garner sympathy from Congressional Republicans who opposed the in-court restructuring provision in last year’s Puerto Rico rescue law, PROMESA. The $295 million will help fund the island’s Medicaid budget for fiscal year 2018, which starts July 1, and enable Puerto Rico to contract with managed care health insurance companies that administer the Medicaid program.  Without the money, the island would have to run the Medicaid program on its own, a massive undertaking that Puerto Rico is not equipped to do, said island Health Secretary Dr. Rafael Rodríguez-Mercado. But Puerto Rico will still need an additional $300 million to fund its entire Medicaid budget for fiscal year 2018, Rodríguez-Mercado told Reuters in an interview on Monday. He hopes that money will come from the Children’s Health Insurance Program (CHIP) in September. Puerto Rico’s $2.76 billion Medicaid budget has been funded in part by a one-time pool of money provided to U.S. territories under the Affordable Care Act, commonly referred to as Obamacare.  That money is expected to run out by the end of 2017, triggering what island officials call the “Medicaid cliff” — the return to a federal funding cap of $321 million for Puerto Rico’s Medicaid program. U.S. territories receive proportionately less federal Medicaid reimbursement than U.S. states. Prior to Obamacare, Puerto Rico partially funded its Medicaid budget through bonds, exacerbating the island’s debt crisis.  In recent weeks, Governor Ricardo Rossello has been lobbying to boost Puerto Rico’s healthcare funding, warning that Washington’s failure to do so would leave some 900,000 people without health coverage. politicsNews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: congress give puerto rico medical help reuters ailing puerto rico would receive million medical funding federal government part congress spending plan avert government shutdown governor ricardo russell said monday russell said statement spanish grateful addition spending bill reached late sunday night the full house representatives senate must approve bipartisan pact though prompt passage expected week puerto rico public health system nearly insolvent key driver emigration decimated territory population wrestler billion debt percent poverty rate unemployment twice average the island faces deadline midnight monday negotiate agreement creditors open lawsuits debt defaults it could also file modified version bankruptcy protect litigation one creditor owns insured puerto rica bonds said proposal even close good proposal not fotball also well constructed proposal said sean burgess portfolio manager lead trader puerto rico strategy sarasota cumberland advisors the island aggressive lobbying federal healthcare funding washington seen possible detractors filing bankruptcy would garner sympathy congressional republicans opposed restructuring provision last year puerto rico rescue law process the million help fund island medical budget fiscal year starts july enable puerto rico contract managed care health insurance companies administer medical program without money island would run medical program massive undertaking puerto rico equipped said island health secretary rafael but puerto rico still need additional million fund entire medical budget fiscal year told reuters interview monday he hopes money come children health insurance program chip september puerto rico billion medical budget funded part pool money provided territories affordable care act commonly referred obamacare that money expected run end triggering island officials call medical cliff return federal funding cap million puerto rico medical program territories receive proportionally less federal medical reimbursement states prior obamacare puerto rico partially funded medical budget bonds exacerbating island debt crisis in recent weeks governor ricardo russell lobbying boost puerto rico healthcare funding warning washington failure would leave people without health coverage politicsnews