CMS January, 2017
STATEMENT FROM THE CHIEF ACTUARY The Medicaid program is of critical importance to American society. It is the second largest health program as measured by expenditures (second only to Medicare) and the largest as measured by enrollment, and Medicaid represents one-sixth of the health economy. In 2015, its outlays of $554 billion accounted for a sizeable portion of Federal and State budgets and were a significant source of revenue for health care providers and insurers. As importantly, Medicaid serves as a safety net for the nation’s most vulnerable populations, covering about 70 million beneficiaries in 2015, including more than 9 million individuals newly eligible under the Medicaid expansion. In this report, we analyze key historical Medicaid trends—both financial and demographic—and...
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