Post by Logan on Feb 10, 2016 2:21:34 GMT -6
RALEIGH, N.C. -- North Carolina's Medicaid finances are continuing to run under budget thanks to essentially flat enrollment growth and less-than-anticipated medical expenses and use of services.
The Division of Medical Assistance told a General Assembly oversight committee Tuesday state spending on Medicaid was $181 million below the nearly $2 billion set aside for the first six months of the fiscal year ending Dec. 31. Through November, the amount was $139 million.
Finance director Trey Sutten told lawmakers activity still suggests Medicaid would end the fiscal year under budget — the third year in a row. He cautioned Medicare obligations, enrollment growth in high-needs categories and pharmaceutical spending could eat away at positive financial results.
North Carolina Medicaid spends $13 billion from federal and state funds. There are more than 1.8 million enrollees.
Read more here: www.newsobserver.com/news/politics-government/article59332353.html
The Division of Medical Assistance told a General Assembly oversight committee Tuesday state spending on Medicaid was $181 million below the nearly $2 billion set aside for the first six months of the fiscal year ending Dec. 31. Through November, the amount was $139 million.
Finance director Trey Sutten told lawmakers activity still suggests Medicaid would end the fiscal year under budget — the third year in a row. He cautioned Medicare obligations, enrollment growth in high-needs categories and pharmaceutical spending could eat away at positive financial results.
North Carolina Medicaid spends $13 billion from federal and state funds. There are more than 1.8 million enrollees.
Read more here: www.newsobserver.com/news/politics-government/article59332353.html