Report: Medicaid Spending Devours Fifth of State Funding

Vadum, Matthew
October 2004
Bond Buyer;10/13/2004, Vol. 350 Issue 31988, p4
Trade Publication
The article reports that according to National Association of State Budget Officers (NASBO) Washington Medicaid policy is devouring an ever-increasing chunk of states' budgets, leaving less money for other programs, including education. The new NASBO report comes one month after the American Legislative Exchange Council released a report concluding that Medicaid's long-term care system is on the verge of collapse and if the method of funding such care is not changed, states will experience huge financial problems in coming years. Executive of NASBO Scott Pattison says that Medicaid's unsustainable pace of growth means that over both the short- and tong-terms, states must find some source of relief.


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