RS22849
Medicaid Financing
July 02, 2008
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Summary
Combined federal and state spending on the Medicaid program currently exceeds $300 billion each year. It is the largest or second-largest item in state budgets, and is second only to Medicare in terms of federal spending on health care. Last year, Congress placed temporary moratoriums on the implementation of four controversial regulations that anticipate large reductions in federal spending for Medicaid. A war supplemental spending bill enacted this year (P.L. 110-252) further delayed implementation of these regulations and two others until April 1, 2009. In response to the recent economic downturn, legislation that would provide state fiscal relief in the form of a temporary increase in the federal medical assistance percentage (FMAP, which determines federal share of most Medicaid costs) has also been introduced (S. 2586, H.R. 5268, S. 2620, S. 2819).
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Related Legislation:
- S.2586
- H.R.5268
- S.2620
- S.2819
