WASHINGTON -- A House subcommittee yesterday approved legislation that would delay for nine months the Jan. 1, 1992, effective date of proposed Medicaid financing rules that states have warned would ravage their budgets in the middle of their fiscal years.

The bill passed by the House Energy and Commerce Committee's subcommittee on health and the environment would temporarily block Health Care Financing Administration regulations that would disallow certain types of state funds that had been eligible for Medicaid matching funds.

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