WASHINGTON -- The Senate late yesterday was close to voting on legislation that would delay for three months the Jan. 1, 1992, effective date of new Medicaid financing rules.

States have urged Congress to approve a delay because the rules are currently scheduled to become effective in the middle of many states' fiscal years and could wreak havoc with their finances. The Senate had planned to vote yesterday afternoon but became stalled on other business and was expected to take up the Medicaid bill possibly last night or today.

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