From the EDPMA Newsletter, ED Leader:
The U.S. Department of Health and Human Services has issued the first actuarial report on Medicaid spending since the program’s inception 42 years ago.
This first report on the Medicaid program contains analysis of past program trends and projections of Medicaid expenditures and enrollment for the next 10 years. The report projects that Medicaid benefits spending will increase 7.3 percent from 2007 to 2008, reaching $339 billion and will grow at an annual average rate of 7.9 percent over the next 10 years, reaching $674 billion by 2017. That compares to a projected rate of growth of 4.8 percent in the general economy.
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