In a letter to the Joint Budget Committee this week, state officials said Colorado will need to spend an additional $73 million on Medicaid this budget year, which ends June 30, as demand for health services continues to surge beyond the administration’s expectations. Costs are expected to continue to rise next budget year, when the state now expects to spend $86 million more than previous estimates…
Medicaid is the federal health insurance program for low-income families, and while the state is only on the hook for a share of the cost, the price tag has grown to around a third of Colorado’s $16 billion state operating budget.
You are off a few billion. It would make up about 10 percent of the state’s budget.
Colorado Gov. Jared Polis signed the state’s $40.6 billion budget for the upcoming fiscal year on Monday, praising the historic funding for public education and bipartisan work of legislators for crafting a more normal budget as pandemic relief funds dry up.
You mean the Feds and the State? That is about right. So the Feds give in the high 60 percent and the states are responsible for the rest. So Colorado spent around 4 billion and Nevada Spent about 3.8 billion. So if the Feds were to cut their portion down to around 50 percent I do not see how most states could keep funding it. Especially any of the poor states.
Landry boosts Medicaid payments to political donor’s hospitals, despite warning of health cuts
{{ Republican Gov. Jeff Landry’s administration unilaterally increased Medicaid payments by $22 million to seven hospitals, four of which are owned by a Landry political donor who is also a friend and hunting buddy of Donald Trump Jr.
The spending decision came less than a month after the state health department warned it might have to slash services for children and people with disabilities because of a looming budget deficit.
The hospitals are in rural parts of the state where it is difficult to find medical care. The Landry administration said the facilities could be “forced to close” without the extra support. }}
One of the reasons rural hospitals are closing is because too many people have Medicare Advantage, which reimburses rural hospitals at a much lower rate than traditional Medicare.
You’re not going to improve access to health care in rural Louisiana by letting health insurers (or Donald Trump Jr.'s hunting buddies) skim off an ever larger piece of the pie.