“States allocate highest percentage of revenue to Medicaid in FY 2023 in 20 years: report,” by Liza Berger, McKnights Home Care
“States’ share of revenue dedicated to Medicaid rose by 17.8%, or $44.4 billion, in fiscal year 2023 — the largest increase in two decades, according to a new report by Pew Charitable Trusts, a nonprofit whose goals are to improve public policy, inform the public and invigorate civic life. States that year spent 15.1% of every state-generated dollar on Medicaid, up 2.2 percentage points from the previous year. Some 17 states devoted a larger share of their own dollars to Medicaid than they had, on average, over the previous 15 years, the report said.”
LTC Comment, Stephen A. Moses, President, Center for Long-Term Care Reform:
Medicaid remains the Pac-Man of state budgets. Yet ongoing political battles focus on cutting the program or preserving the status quo. What’s missing is much talk about better ways to administer Medicaid, providing better care at less cost. For that, see the Paragon Health Institute’s “Long-Term Care: The Problem” and “Long-Term Care: The Solution” and watch this “virtual LTC event” featuring age wave visionary Ken Dychtwald and leading LTC researchers. To find ample private funds for LTC, check out “Medicaid’s $100+ Billion Leak.” For what not to do, see “Medi-Cal-amity: California’s Reckless Expansion of Medicaid Long-Term Care to the Affluent.” Much more on long-term care here.