CBO cuts state estimates on spending for Medicaid expansion

The Congressional Budget Office (CBO) dramatically reduced state Medicaid spending forecasts due to the Affordable Care Act, the New York Times reported. According to the CBO, states will spend about $46 billion more over the next decade on Medicaid due to the ACA, about one-third less than the prior forecast of $70 billion. Although the CBO did not give an exact reason for the reduction, it expects the action will provide more leverage among those who want the 24 states still undecided on expanding Medicaid coverage to do so. The CBO did not revise estimates on additional federal spending on Medicaid, which pays for the vast majority of the expansion. Article

 

 

Suggested Articles

Account reps from Epic have told customers that the medical records giant will not be pursuing further integrations with Google Cloud, CNBC reported.

Healthcare CEOs admit they thought they’d be farther along in the transition to value-based care than they are today, a new survey shows. 

An analysis found that spending on hospital shoppable services, the subject of a CMS transparency rule, are minimal.