Kansas Medicaid, Medicare Spending to Reach $1B in Fiscal Year 2012
The calculation follows a Friday report which indicated general fund revenues through fiscal year 2012 will come out to $32 million less than projected.
In response to the projected increase in cost, the Kansas House Appropriations Committee and the Kansas Senate Ways and Means Committee are resuming work on the remainder of a spending plan for this year and a plan for 2012. A $17 million deficit for 2012 is expected for the proposed Senate budget, while a $54 million surplus for 2012 is expected for the House version.
The report on Medicaid costs is contained in a semi-annual recalculation of estimated caseload expenditures for state- and federally-mandated services for low-income and elderly Kansans. The spending is now expected to reach $756.1 million from the general fund in 2011 and $1 billion in fiscal year 2012.
Read the report by the Kansas Reporter on Medicaid costs.
Read more on Medicaid:
-Texas Senate Approves Medicaid Reform Legislation Allows ACO-Like Arrangements
-Florida Hospitals Eye Taking Insurance Risk in New Medicaid HMOs
-Washington Plan to Cut Medicaid Would Cap ER Visits for Non-Emergencies
© Copyright ASC COMMUNICATIONS 2014. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.
New from Becker's Hospital Review