Analyst: One-Time Federal Funds for Medicaid No Solution

Vadum, Matthew
June 2003
Bond Buyer;6/20/2003, Vol. 344 Issue 31661, p5
Trade Publication
The $10 billion, one-time federal payment to cash-strapped states that the U.S. Congress approved in May 2003 to help cover rising Medicaid costs falls far short of providing a long-term solution to the joint state-federal program's rising costs. According to the National Governors Association, Medicaid-related expenditures nearly tripled in the last decade, and the program is obtaining ever-increasing portions of state budgets even in today's tough fiscal times. Medicaid's current rate of growth is unsustainable, and no long-term relief for state fiscal problems can occur until the program is reformed.


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