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Big changes could be coming for government benefits. House Republicans just unveiled a budget plan that includes massive spending cuts—$880 billion from Medicaid over the next decade. Social ...
(The Center Square) — Pennsylvania will need to spend $2 billion over the next five years to cover its expanded Medicaid program. And while lawmakers are worried about finding the money to foot ...
It cost $880 billion to operate in 2023. Johnson has ruled out two of the biggest potential cuts: paying fixed, shrunken rates to states for care and changing the calculation for the share of federal dollars that each state receives for Medicaid.
In Indiana, lawmakers last year imposed cutbacks after the state found that it had underestimated its Medicaid costs by nearly $1 billion. In Pennsylvania, the $2.5 billion projected Medicaid cost increase will be a big pill to swallow in a state with a slow-growing economy and a shrinking workforce that is delivering relatively meager gains in ...
Slashing Medicaid could reduce health coverage for tens of millions of working-class Americans. ... at a cost of $4 trillion over the next decade. It also makes room for another $500 billion in ...
The $880 billion Medicaid program is financed mostly by federal taxpayers, who pick up as much as 80% of the tab in some states. And states, too, have said they're having trouble financing years of growth and sicker patients who enrolled in Medicaid. To whittle down the budget, the GOP-controlled Congress is eyeing work requirements for Medicaid.
Democrats warn it might lead to cutting Medicaid. ... 2017 tax cuts and implement new ones at a cost of $4.5 trillion over the next decade. It would also allocate $300 billion for spending on ...
In 2023, the total (federal and state) annual cost of Medicaid was $870 billion, with an average cost per enrollee of $7,600 for 2021. [ 6 ] [ 7 ] 37% of enrollees were children, but they only accounted for 15% of the spending, ($3,000 per person) while seniors and disabled persons accounted for 21% of enrollees and 52% of spending (more than ...