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Capitol Correspondence - 10.01.18

Newly Reported Growth of Medicaid Called “Unsustainable” by CMS Administrator Verma

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As reported by Fierce Healthcare:

“Medicaid provided healthcare coverage to 72.2 million people in fiscal year 2016, an increase of 3.1% over 2015.

That increase corresponded with a 4.9% increase in spending over 2015, amounting to a total of $580.9 billion in spending for 2016, according to a new CMS report (PDF). The agency projected that over the following 10 years, expenditures would grow at an average annual rate of 5.7%, reaching over $1 trillion by 2026.

Access the CMS actual report here.