Hospitals are expecting significant financial losses due to changes in Medicaid funding. The daily loss is estimated to be around $27 million. This change is a result of the Trump administration's decision to withhold extra funding that helps hospitals cover costs.

The withheld funding amounts to about $9.8 billion and is used to bridge the gap between Medicaid payments and actual service costs. This change is set to take effect on September 1. Further details on the impact of this funding change can be found through the Texas Standard publication.