Search
 

Managing Medicaid costs a big challenge for states

As health care costs have risen at a rate far outpacing inflation and overall economic growth, states are having trouble containing the costs of Medicaid.

By Jack Craver | Updated on July 22, 2015
Photo: Associated Press

As health care costs have risen at a rate far outpacing inflation and overall economic growth, states are having trouble containing the costs of Medicaid.

A report by Fitch Ratings finds that average annual Medicaid costs have increased by 6 percent to 7 percent over the past 20 years, compared to an average annual medical cost growth rate of 4.5 percent. That gap has for many years threatened states with long-term budget problems, but Fitch notes that a number of changes to the public health programs offer many state governments a way to avoid fiscal crisis.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Jack Craver

Recommended Stories

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2024 ALM Global, LLC. All Rights Reserved.