Medicaid, State Finances, and the Bottom Line for Businesses |
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Authors: | Louis Rossiter Randy Neice |
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Institution: | (1) Schroeder Center for Healthcare Policy, The College of William and Mary, Williamsburg, VA 23187, USA |
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Abstract: | Current Medicaid expenditures account for about nine
percent of the federal budget and almost a quarter of
state budgets and are growing rapidly. State Medicaid
budgets are especially vulnerable to recession since states
cannot incur large and sustained fiscal deficits. Without
change, Medicaid burdens will cause state finances to be
diverted from infrastructure and education, with negative
effects on the costs and productivity of business. Also
affecting business are the state governments experimenting
with policies that shift Medicaid burdens to private
employers. Simultaneously, the states are initiating
efforts to ease Medicaid’s relentless cost increases and
address its long-run problems.
JEL Classification I180,H720 |
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Keywords: | Medicaid health deficits state budget |
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