Report: Slower Growth in Medicaid Spending

A recent report from the Kaiser Family Foundation shows that the growth in Medicaid spending over the past few years has slowed considerably. In 2012, the average Medicaid spending growth rate across all states slowed to about 2%. In 2011, the growth rate had been significantly higher at nearly 10%. The Kaiser report stated that this is the slowest growth in Medicaid spending since 2006, when the growth rate was 1.3%. The Medicaid program (known as Medi-Cal in California) is a state and federally funded program that provides healthcare insurance to the poor, disabled, and elderly who meet specific state eligibility criteria. Some states cited the improvements in the economy as assisting in the reduction in costs. However, states have also reduced the Medicaid pay rates they provide to healthcare providers that provide care to Medicaid recipients, also reducing Medicaid costs. Additionally, fewer people enrolled in the Medicaid program in 2012, as opposed to 2011. In 2011 Medicaid e
http://www.norcalplanners.com/blog/elder-law/report-slower-growth-medicaid-spending/

Advertisements
Standard

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s