Saturday, September 11, 2010
Medicaid Funds In Deficit
KENTUCKY...
The Medicaid program in Kentucky costs $5.2 billion and provides health care for 800,000 poor and disabled residents. Kentucky is grappling with a $470 million deficit in its Medicaid budget, a problem Governor Steve Beshear blames on state lawmakers. Beshear says lawmakers balanced the state budget on the assumption that Congress would come through with additional funding that would provide $238 million for the Medicaid program in the current budget cycle. Instead, the federal government provided only about $137 million to the state. The federal government matches state funding on a roughly 4-to-1 basis, bringing the total shortfall to $470 million.
# posted by Homer Owens @ 5:20 PM 
