1 / 5

Health Care and the Economic Slowdown

Health Care and the Economic Slowdown. Barbara Coulter Edwards National Association of State Medicaid Directors February 15, 2008. Medicaid By the Numbers. 50 million covered lives 70% of spending is for the elderly and people of all ages with chronic or disabling conditions

jamil
Download Presentation

Health Care and the Economic Slowdown

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Health Care and the Economic Slowdown Barbara Coulter Edwards National Association of State Medicaid Directors February 15, 2008

  2. Medicaid By the Numbers • 50 million covered lives • 70% of spending is for the elderly and people of all ages with chronic or disabling conditions • 40% of spending is for people already covered by Medicare • 23% of state budgets • 60/40 is average federal/state funding split

  3. Economy slows Medicaid grows More uninsured Loss of federal + state funds to local economies Budget deficit Cuts to Medicaid: 60% fmap means $2.40 cut in Medicaid to save $1 in state GRF (provider rates, eligibility, benefits)

  4. Economy slows Medicaid grows More uninsured Federal Cuts Loss of federal + state funds to local economies Budget deficit Federal stimulus: FMAP Cuts to Medicaid: 60% fmap means $2.40 cut in Medicaid to save $1 in state GRF (provider rates, eligibility, benefits)

  5. State Actions to Contain Medicaid Costs FY 2002 – FY 2006 Number of States SOURCE: Vernon Smith, Kathleen Gifford, Eileen Ellis, Amy Wiles, Robin Rudowitz and Molly O’Malley, Medicaid Budgets, Spending and Policy Initiatives in State Fiscal Years 2005 and 2006: Results from a 50 State Survey, Kaiser Commission on Medicaid and the Uninsured, October 2005. http://www.kff.org/medicaid/7392.cfm

More Related