State Medicaid spending grew 7.3% in fiscal 2018, report finds

Medicaid represents the largest share of total state spending, according to a report from the National Association of State Budget Officers.

The report showed Medicaid represented about 29.7 percent of total state spending in fiscal year 2018, up from 20.5 percent in fiscal 2008. This compares to elementary and secondary education, which represented  about 19.6 percent of total state spending.

The association said total Medicaid spending by states grew 7.3 percent this year, compared to 4.4 percent in 2017.  

Overall, the report found total Medicaid spending by states reached $603.2 billion in 2018, a $41 billion increase over the $562.2 billion spent the year prior.

Access the full report here.

 

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