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.

Advertisement

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.

 

More articles on healthcare finance:

Children’s Healthcare of Atlanta reports higher operating revenue, income
RCM tip of the day: Conduct chargemaster review to prepare for price transparency
Medicaid for rent, food? ‘Stay tuned,’ HHS chief says

 

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.