Medicaid Spending Exceeds Half a Trillion Dollars
Created on July 30, 2015
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Total Medicaid spending is projected to reach $529 billion in 2015, a one-year increase of about $30 billion. By 2023, that figure is projected to increase 58 percent. Medicaid spending is made up of federal and state spending, with the federal share typically accounting for about 60 percent of the total.
Source: Centers for Medicare and Medicaid Services, 2014 Actuarial Report on the Financial Outlook for Medicaid, 2014, Table 3, p. 24, http://medicaid.gov/medicaid-chip-program-information/by-topics/ financing-and-reimbursement/downloads/medicaid-actuarial-report-2014.pdf (accessed July 22, 2015).
CHART 1 • IB 4447
Tags: Medicaid, federal-spending, state-spending, doctors