Medicaid Spending Projected To Increase By 5.8% In FY 2008, According To Survey, CQ HealthBeat Reports

Medicaid spending will increase by an estimated 5.8% in fiscal year 2008, compared with 6.6% in FY 2007, according to an annual survey conducted by the National Governors Association and the National Association of State Budget Officers, CQ HealthBeat reports. According to the survey, all states in the past five years have implemented measures to limit Medicaid spending, "with the majority centered on freezing or reducing provider payments and managing prescription drug costs." However, the survey found that Medicaid accounts for 22% of state spending and "continues to constrict state budgets as it has for many years."

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