Medicaid Cuts: Plenty of Pain To Go Around.(Brief Article)

Kiplinger Business Forecasts | October 3, 2002| | Copyright

Byline:Martha Lynn Craver

Unrelenting state budget crises are sure to thwart state efforts to extend Medicaid health insurance to the working poor, a goal broadly supported by employers. Indeed, most states will make additional cuts in their Medicaid programs this fiscal year, and even deeper ones in 2004 and 2005, as soaring health care costs collide with slumping tax revenues.

"Medicaid costs will be up 13% this year, while states' overall budgets will be up only 2%. So all states are in difficulty, although the degree of difficulty varies," says Vernon ...

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